Egyptian Prime Minister Mostafa Madbouly on Sunday held an expanded meeting to discuss incentives to accelerate development at the Sinai Peninsula and encourage citizens to settle in North Sinai. He stated that there are proposals to give customs and tax exemptions and incentives to investors for limited periods, pointing out the availability of land in North Sinai for beneficial ownership. “It has also been suggested to provide social housing units in North Sinai at lower prices than those in other governorates, as well as providing significant reduction in expenditures for state-run schools, including the Japanese and Nile ones,” the Prime Minister said. The Egyptian Cabinet’s spokesman Nader Saad said that the meeting reviewed various services provided to the people in Sinai and the developmental projects currently being implemented. He added that the New City of Rafah is under construction and will provide decent housing units for citizens, and that there are great opportunities for industrial investments in central Sinai such as with marble and granite.

Source: Egypt Independent December 23, 2018 15:00 UTC