Egyptian President Abdel Fattah El-Sisi has issued a decree renewing Mohamed Ali Abady’s appointment as the chairman of the General Authority for the Golden Triangle Economic Zone.

Prime Minister Mostafa Madbouly met with Mohamed Abady, Chairman of the General Authority for the Golden Triangle Economic Zone, to review the authority’s recent progress and upcoming plans.

The Egyptian Mineral Resources Authority (EMRA) has signed a cooperation protocol with the General Authority for the Golden Triangle Economic Zone (GTEZ) to lure more investments into the Golden Triangle Economic Zone.

The General Authority for the Golden Triangle Economic Zone (GTEZ) is currently negotiating with five developers to establish an industrial zone in Upper Egypt with up to $2 billion in investments for the first phase.

The General Authority for the Golden Triangle Economic Zone (GTEZ) has received three offers worth $1.6 billion from Egyptian and international investors to build phosphate fertilizers and phosphoric acid factories at the zone in Safaga.