Egypt to form committee to plan for Golden Triangle development project

Prime Minister Moustafa Madbouly has ordered that a committee be formed to create a plan for the Golden Triangle development project using the studies prepared by Italian consulting firm D’Appolonia, the cabinet said in a statement. New 220 KV power lines will be installed at the end of the year to serve the whole area, Electricity Minister Mohamed Shaker said. The project was previously expected to draw USD 16 bn in investments and will include tourism, manufacturing, transportation, energy, and infrastructure projects. The Golden Triangle refers to the area between Qena, Safaga and Quseir.