Home Associations RINA chosen for Egyptian Golden Triangle development project

RINA chosen for Egyptian Golden Triangle development project

by admin

RINA D'AppoloniaD’Appolonia, engineering subsidiary of RINA group, has been chosen by Egypt’s Industrial Development Authority to lead the development of the master plan for Egypt’s mineral and energy rich Golden Triangle. The project, funded by International financial institutions and DONORs, is expected to create 400, 000 jobs in the area between the Red Sea cities of Safaga and Al-Qusayr and Eastern Qena in Upper Egypt. The plan integrates agricultural, transport, industrial and tourist projects in the area.

Roberto Carpaneto, CEO, D’Appolonia, says, “Egypt’s Golden Triangle offers the possibility to exploit phosphate for fertilizers projects, raw materials for the cement industry from shale and limestone, gold ores and gasoline production from oil shale and wind energy. Our expertise will be focused on developing a plan which will produce the economic benefits which Egypt needs while protecting the environmental and social aspects of the area. One of the industrial ‘quick wins’ transferred to Egypt will be the arrangement in clusters using facility managers with land leased to investors based, as an example, on a value chain approach applied to the exploitation of construction material or to phosphates for agro-industry ”.

The planning will be led by D’Appolonia, working with Dutch industrial development Ecorys and USA J.T. Boyd mining experts. The aim is to create sustainable economic development while halting and reversing the destruction of the local ecosystem.

The Egyptian government has declared the area a special economic zone and a 6000 sq km pilot project will begin in 2016 with the identification of mineral resources and development of infrastructure.

The contract was signed today by the Egyptian Prime Minister, Ibrahim Mahlab and Roberto Carpaneto, CEO of D’Appolonia during an official ceremony.

D’Appolonia S.p.A provides integrated engineering services to the public and private markets in the areas of the environment, oil and gas, infrastructure and transport, electronics and telecommunications. D’Appolonia is part of the RINA Group, a leading international classification, verification and certification provider.

You may also like

Leave a Comment