I believe that our objectives were centered on making Egypt the best place for attracting foreign investments. Africa, Asia and Europe is the catalyst, together with her excellent relationships with countries of the world, for the setting up of a major project in the field of power and electricity. On the one side, a grid of electric power between Egypt, Jordan, Syria, and Turkey will be operational by the year 1997. On the other side, another such grid will be implemented between Egypt, Libya, Tunisia, Algeria, Morocco and Spain. The finances will be provided by the Arab Fund.
Work is currently underway at rates unprecedented.
Egypt seeks to secure an agreement for the implementation of a power grid with Zaire. Since the publication of the Central Intelligence Agency report concerning Egypt's alleged purchase of Scud C missile components from North Korea, the international media has devoted extensive coverage to the Middle East and to speculation over the reasons lying behind the apparent rush to procure a strategic regional deterrent. A cursory examination of Israel's new security outlook is sufficient to demonstrate that it is Israeli policy that is propelling the region into a frenzied arms race. According to Israel's new orientation, peace in the Middle East cannot be founded upon a conventional balance of forces such as prevailed between the Eastern and Western camps during the Cold War. For Israel, however, peace in the Middle East has to be grounded upon a balance of terror, the product of Israel's regional monopoly on nuclear arms.