25 April 2024 12:32 AM

Egypt signs MoU to develop Bardawil Lake, Sinai

Sunday، 06 November 2022 - 09:15 PM

Prime Minister Mostafa Madbouli on Sunday attended the signing ceremony of a memorandum of understanding on the restoration of the marine ecosystem of Lake Bardawil and the development of the Sinai Peninsula.

The MoU was signed by Suez Canal Authority and the Belgian Dredging International NV, on the sidelines of COP27.

The Bardawil Lake development project is receiving great attention from President Abdel Fattah El Sisi, within the state’s general plan aimed at developing all Egyptian lakes and restoring their previous natural status, taking into account the integration of the development of Lake Bardawil with the Sinai development strategy, given its environmental, economic, social and nutritional benefits, the premier said.

The MoU aims to study the joint implementation of the Bardawil Lake development project, the development of Sinai and the restoration of their ecosystem, and cooperation in the project through the public-private partnership (PPP) system, thanks to the project's great importance in restoring vegetation cover and agricultural area in Sinai, Chairman and Managing Director of the Suez Canal Authority Osama Rabie said. 

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