President Abdel Fattah El Sisi held a meeting Saturday with a host of government officials and foreign company heads.
Discussions in the meeting focused on ongoing preparations for pumping water to irrigation stations from the Bahr el-Baqar drainage canal so that it can be used in the cultivation of farmland in north and central Sinai in co-operation with international companies with expertise in this field.
President Sisi highlighted vast opportunities available for foreign companies in Egypt.
National megaprojects, the president said, open up huge and diverse opportunities for investment and work in various fields, including land reclamation and the transfer of water from sewage and treatment plants among others.
The president underlined the importance of technology transfer to Egypt and industrial localisation.
He said these two areas were basic pillars in relations between the government and the foreign companies working in the different fields in Egypt.
The president also held a meeting with Presidential Advisor for Urban Planning Amir Sayed Ahmed and Chairman of the Engineering Authority of the Armed Forces Ehab el-Far.
The meeting focused on the projects carried out by the authority nationwide, Presidency Spokesman Ambassador Bassam Radi said, adding that the president also followed up on progress of some national projects, especially agricultural infrastructure projects in north and central Sinai.
The president also discussed progress in a number of road projects around the nation.
President Sisi called for maintaining co-operation between all state agencies to speed up the implementation of the National Project for the Development of north and central Sinai, Ambassador Radi said.
He added that the president also urged officials to take into account the strategic impact of these project on comprehensive development efforts in Sinai.