Home Tech/AITech news 2 Ministries Mull Launch of EGP5 bln Tech-Zone in Borg al-Arab

2 Ministries Mull Launch of EGP5 bln Tech-Zone in Borg al-Arab

by Salma Ayman

Eng. Atef Helmy, Egyptian Telecom Minister revealed that the Ministry will meet officials in the New Urban Communities Authority (NUCA), aiming to allocate 120 feddans so as to launch a technological zone in Borg al-Arab in Alexandria.

He explained that the project will be offered through the PPP system, the government will bear 15% of the cost, expecting that the total investment would be up to EGP 5 billion.

Minister Helmy said his ministry will review the project to the Cabinet after reaching an agreement with the Housing Ministry.

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