
Egypt Plans Desert City Supplied with Diverted Nile Water
Egypt unveiled plans on Sunday to build a desert city that will see about 7% of Egypt's annual Nile River quota rerouted from fertile delta land to pass by upscale glass-fronted housing units and eventually a large agricultural project.
Egypt, facing mounting water shortages, power constraints, and a deepening economic crisis, wants the development to help increase the value of state assets and boost land prices through "non-traditional, innovative ideas," Prime Minister Mostafa Madbouly said in a statement announcing the project.
About 10 million cubic metres of Nile water will flow daily to the 6.8 million sq metre (2.63 sq mile) Jirian city, 42 km (26 miles) west of downtown Cairo, helping irrigate a 2.28 million acre New Delta agricultural project, developers said.
Three private developers signed the official agreement, with the state represented by Mostakbal Misr for Sustainable Development, a military-affiliated agency. The project will include residential units, commercial zones, a yacht marina and a free economic zone.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Asharq Al-Awsat
2 hours ago
- Asharq Al-Awsat
Egypt's Net Foreign Assets Retreat in April after March Jump
Egypt's net foreign assets (NFAs) fell by $1.5 billion in April, central bank data showed on Wednesday, retreating from March, when the approval of the fourth review of the country's IMF program sparked a jump. NFAs slid to the equivalent of $13.54 billion, from $15.08 billion at the end of March, according to Reuters calculations based on official central bank currency exchange rates. In March, NFAs jumped by $4.9 billion after the International Monetary Fund approved the disbursement to Egypt of $1.2 billion after completing its review of the country's $8 billion economic reform program, Reuters reported. The IMF also approved a request for a $1.3 billion arrangement under the IMF's resilience and sustainability facility. The approvals led to an inflow of foreign investment in Egyptian pound treasury bills, bankers said. Egypt had been using foreign assets, which include assets held by both the central bank and commercial banks, to help prop up its currency since as long ago as September 2021. Net foreign assets turned negative in February 2022 and only returned to positive territory in May last year. Foreign assets increased in April at both the central bank and commercial banks, while foreign liabilities fell at both as well.


Arab News
4 hours ago
- Arab News
98-year-old Egyptian pilgrim fulfilling lifelong dream
JEDDAH: Ahmed Tamim, 98, is fulfilling a lifelong dream of performing Hajj this year. Tamim is a native of Egypt's Sohag governorate, located on the west bank of the Nile, and is one of the oldest pilgrims on this year's Hajj. He arrived in Madinah on May 18 accompanied by his son, to embark on the sacred journey that is mandatory for all Muslims who are physically and financially able to complete it. They are among 13,062 Egyptian pilgrims who were selected through the annual lottery to perform the pilgrimage this year. His son Muhammed told Arab News: 'It all started with a phone call from my friends who said the Hajj lottery is open, aren't you going to apply for your father? 'I tried to contact the lottery mission, and they told me tomorrow is the last day (and) anyone who hasn't applied can still apply. 'At the time, we hadn't applied, but after that call, I decided to apply for my father, and thank God, his name was added to the reserve list due to his advanced age.' He added: 'Every year he used to wish to perform Hajj or Umrah. This time, when he found out his name was called after all these years, his eyes filled with tears and he reacted with happiness, he couldn't believe it.' Muhammed said his father is insisting on performing all the rituals unaided despite his difficulties in walking and hearing. 'He always (said) 'this is an opportunity Allah has chosen me, and I want to experience it to the fullest.'' Muhammad added: 'Everyone in Sohag is happy for my father, because he's not only the oldest pilgrim, but he's a very respected religious person in the governorate. 'May Allah accept his Hajj and we are all so glad that he finally made Hajj.'


Arab News
5 hours ago
- Arab News
UAE president meets Egypt's Sisi in Abu Dhabi
DUBAI: UAE President Sheikh Mohamed bin Zayed met his counterpart Egyptian President Abdel Fattah El-Sisi in Abu Dhabi on Wednesday. El-Sisi, who is on a visit to the UAE, arrived at the presidential airport and was received by the UAE leader along with a number of senior officials.