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Industry ministry to offer, allocate 13 industrial complexes in 12 governorates in 2019 - Daily News Egypt

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Industry ministry to offer, allocate 13 industrial complexes in 12 governorates in 2019

Offering15m sqm plots of industrial land in Sadat, Borg Al Arab, Upper Egypt in 2019

The Minister of Trade and Industry, Amr Nassar, said the completion and construction of 13 industrial complexes for small and medium industries in 12 governorates are scheduled during 2019, including 4,317 industrial units equipped with licenses and procedures, for the tendering and allocation of these units which will be completed during the same year.

Nassar pointed out the allocation and commencement of production in the Sadat and Badr complexes have also been completed, and that the remaining vacant units at the Port Said industrial complex will be allocated in 2019.

Furthermore, the first phase of the industrial zone for the textile industries in Sadat City are currently being upgraded, as the plan is to operate the first phase by the end of 2019.

As for the ministry’s strategy to offer and allocate industrial lands to investors, Nassar explained that it is arranged to offer about 15m sqm plots of industrial lands in Sadat City, Borg Al Arab, and some cities in Upper Egypt.

Furthermore, he pointed out that Industrial Development Authority has offered about 30m sqm during two years, of which 3.8m sqm were allocated free of charge in Upper Egypt governorates.

Moreover, the minister indicated that 2019 will witness the implementation of a number of projects which aim to enhance local industrialisation, including a project in the field of manufacturing household appliances to close the gaps of value chains in the engineering industry.

“For the first time in Egypt during the first quarter of 2019, there will be the first engine model with Egyptian technology to produce automatic washing machines, in a move to find a substitute local competitor for imports,” the minister elaborated.

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