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IDA to offer 15m sqm industrial land plots for investors in 2019

The Industrial Development Authority (IDA) plans to offer industrial land plots of 15m sqm for investors within a wider plan to offer 60m sqm land plots from 2016 to 2020. On the sidelines of the Egyptian Businessmen Association’s symposium on industrial development and its impact on sustainable development, Magdy Ghazi, chairperson of the IDA, said …

Abdulrahman Al-Shuweikh

1673, industrial establishments have obtained licenses for operating, building in August: IDA

The 1673 industrial establishments have obtained licenses for operating, and building in addition to temporary operating permits from the Industrial Development Authority (IDA), up from 263 licenses and temporary permits issued during the same period last year, according to the latest report received by the Minister of Trade and Industry Amr Nassar from the Industrial …

Daily News Egypt

Parliament approves law designating IDA independent economic body

Parliament approved a law designating the Industrial Development Authority (IDA) an independent body capable of meeting the needs of the industrial sector in Egypt, increasing investment opportunities, and pushing growth indicators to growth during the coming period The law stipulates that the IDA shall be a public economic entity that is legally independent. It shall …

Daily News Egypt

Banque Misr signs protocol with IDA to finance establishment of industrial parks for MSMEs

Banque Misr and the Industrial Development Authority (IDA) signed a cooperation protocol to finance the establishment of industrial parks. Mohamed El-Etreby, chairperson of Banque Misr, and chairperson of the Industrial Development Authority (IDA) Ahmed Abdel Razek signed the protocol. The agreement includes Banque Misr offering financing for allocated projects and reviewing them within 15 days. …

Hossam Mounir

Government reaches settlement with ArcelorMittal to avoid paying $600m in compensation

The Egyptian government, represented in the chairperson of the Industrial Development Authority (IDA) Ahmed Abdel Razek, has a settlement contract in London signed with the largest steel producer in the world, ArcelorMittal, in the presence of Investment Minister Dalia Khorshid and company chairperson Lakshmi Mittal. “The friendly settlement stipulates that the arbitration lawsuit [has been …

Daily News Egypt