Egypt

Despite large scale investments and tight government controls, they have a serious balance of payment problem. Their trade deficit is chronic with about half or their $20.2 billion debt forgiven in 1991 and the rest rescheduled. They have a wide variety of mineral deposits, gold and red granite have been mined since ancient times. Petroleum is their contemporary resource. Rain is another of their problems, the annual rainfall on the Mediterranean coast is 8 inches, rapidly decreasing to the south. Cairo receives 1 inch per year, in many desert locations it may rain only once in several years. Without the Nile, agriculture would be non-existent. 10% of the land is settled or under cultivation

despite farm land yields that are the highest in the world. Cotton, corn, rice, tomatoes and wheat are major crops.

Alexandria: population of 2.8 million, its west harbor has 80% of the countries imports and exports pass through it.

Port Said: population of 382 thousand, Mediterranean entrance to the Suez Canal.

Both of these major cities have ideal wave heights of 3 to 5 feet which would provide good performance for the OMI system. They both need water for their population and agriculture, to increase the tourist business and help in the balance of trade problem. The main opportunity for OMI is to be accepted in the World Bank to the extent that further loans could be made for fresh and agricultural water projects.

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