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Local Expert Outlines Blue Economy Strategy
According to Dr. Khaled Qassem, a local development expert, the blue economy is one of the main pathways to promote economic growth in Egypt by harnessing marine and water resources. He explained that Egypt benefits from a strategic geographic location along the Mediterranean and Red Seas, as well as the Suez Canal, which can be leveraged to boost sectors such as maritime transport, ports, coastal tourism, fisheries, and renewable marine energy. He also emphasized the importance of aligning the blue economy with Egypt’s Vision 2030 and integrating it within the framework of the green and circular economy to create a sustainable development model. Special focus should be placed on facilitating investment, supporting the private sector, developing infrastructure, and directing investments to coastal areas to generate employment opportunities and reduce developmental gaps. Additionally, he underscored the necessity of investing in human capital and localizing technologies such as artificial intelligence and the Internet of Things for managing marine resources, thereby strengthening Egypt’s position as a leading force in a sustainable blue economy.
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