Prime Minister Mostafa Madbouly on Monday, August 11th, 2025, affirmed the government’s keenness to follow up on the role of the General Authority for the Golden Triangle Economic Zone (GTEZ) in developing this promising area.
The premier said that the government attaches great importance to the development of the golden triangle zone, in light of its strategic potential for implementing diverse projects that support Egypt’s sustainable development plans.
Madbouly made the remarks during a meeting with GTEZ Chairman Mohamed Abadi at the government headquarters in New Alamein City in Egypt’s North Coast to review a number of files related to the authority’s activities.
During the meeting, Abady reviewed projects carried out by the authority throughout the recent months.
He highlighted structural updates of the GTEZ, including the reformation of the new board of directors for the Golden Triangle and its affiliate committees, the establishment of a dedicated commercial registry office for the authority to register companies, the renovation of the authority’s headquarters in Safaga, along with finalizing several regulations, procedures and commercial agreement templates.
As regards GTEZ business development and promotion efforts, Abady said that the authority had reached an agreement with one of the largest local and international industrial developers to establish an industrial zone for phosphate fertilizer production.
The authority has also engaged with major regional and international developers in targeted sectors to establish and develop several specialized zones, alongside attracting domestic and foreign developers and investors in industrial, agricultural, and logistics sectors, Abady added.
He shed light on the authority’s development plan for the Golden Triangle Economic Zone for 2025–2026, noting that the goal this year is to achieve financial sustainability and meet objectives without imposing any financial burden on the state.
The Golden Triangle is situated between the Nile River and the Red Sea, encompassing parts of the Red Sea and Qena governorates.
The triangle is defined by the cities of Qena, Safaga, and Quseir.
It is a significant national project under Egypt’s Vision 2030, focused on developing an integrated economic zone with a focus on mining, agriculture, and tourism. The area is rich in mineral resources, including phosphates, iron, and copper, and the project aims to attract investment and create jobs.
