08/11/2004
Al-Alam Alyom Newspaper 2004/NOVEMBER /08
The inauguration of East Port Said Project was the first step in implementing the Egyptian dream of realizing a new economic leap, surpassing many countries. Experts stated that this dream can only be completed when the port and projects in the area meet the same standards as China, Singapore, and Jebel Ali in Dubai, UAE. Experts also stated that the success of this area is a joint responsibility between the government and investors, whether Egyptian, Arab or foreign.(Available in Arabic – German in PDF )
The inauguration of East Port Said Project was the first step in implementing the Egyptian dream of realizing a new economic leap, surpassing many countries. Experts stated that this dream can only be completed when the port and projects in the area meet the same standards as China, Singapore, and Jebel Ali in Dubai, UAE. Experts also stated that the success of this area is a joint responsibility between the government and investors, whether Egyptian, Arab or foreign. Dr. Nader Riad, advisor to People’s Assembly (lower house of parliament) Industry and Energy Committee and head of Egyptian Federation of Chambers of Commerce’s Small Enterprises Committee stated that there should be a special ministry to deal with this particular area. This ministry should be flexible enough and have qualified directors to manage the job so that it can develop the area and generalize the experiment in other areas, Raid added. Riad points out that the success of this experiment, as a new industrial zone in East Port Said, urges us to apply the approach of dealing with other industrial cities. With the same advantages applied, he noted although this experiment is limited in size, will provide specialized administrative and executive expertise, boost positives and address negative impacts.