Home NEWSEntertainment UAE unveils major oil pipeline project linking Egypt to Europe

UAE unveils major oil pipeline project linking Egypt to Europe

by Nagoor Vali

The Vice President of the UAE Nationwide Marine Dredging Firm, Nasser al-Marzouqi, unveiled an enormous mission to ascertain oil pipelines linking Egypt to Europe at depths that would attain 2,000 kilometers.

The Deputy Chairman of the UAE firm indicated the corporate’s need for an prolonged partnership with the ENPPI and Petrojet firms.

In addition they search to develop a piece plan concerning the implementation of essential tasks inside and out of doors Egypt, following the success of a number of tasks in cooperation with Petrojet within the Arab Gulf area.

Throughout his assembly with Egyptian Petroleum Minister Tarek al-Molla, he added that the corporate intends to spend money on inexperienced power tasks.

The assembly witnessed an settlement to carry technical conferences between the 2 sides to agree on tasks of widespread curiosity and to set the framework and schedule for his or her implementation.

 

Egypt and Emirates bear fruitful cooperation

This comes as simply certainly one of a number of main tasks established between Egypt and the Emirates.

The newest was an announcement by the New City Communities Authority in Egypt and the UAE firm “UDC” concerning an settlement to allocate a plot of land within the Andalus Gardens space in New Cairo to ascertain built-in city exercise.

On the sidelines of the signing, the Egyptian Minister of Housing, Utilities and City Communities, Assem al-Gazzar, defined that based on the contract, a plot of land with an space of 665,505.63 sq. meters – or about 157 acres – on the central ring street on the southern ninetieth Avenue within the Hadayek al-Andalus space, subsequent to the Al-Amal Triangle within the metropolis of New Cairo, can be allotted for the corporate’s profit.

The UDC Actual Property Growth, one of many subsidiaries of the UAE’s Mohammed Omar Bin Haider Holding Group, goals to ascertain built-in city exercise (residential, administrative, leisure, business, and resort) underneath the identify The Crest, in cooperation with Alcazar Firm.

It is going to be applied on the highest stage, consistent with the corporate’s work all around the world. Marketed regionally and internationally, mission’s implementation interval can be eight years – ranging from the date of issuance of the planning and zoning approval determination – with an quantity of LE60 billion paid in international foreign money.

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