Egypt Today
Report: 235 new industrial projects at EGP 3.6 billion in March
Saturday، 16 April 2016 - 02:29 PM

The Industrial Development Authority (IDA) approved during March 2016 establishing 235 new industrial projects at EGP 3.6 billion investments.
These projects would secure 10,000 jobs, according to a report which Trade and Industry Minister Tarek Kabil received on Saturday 16/04/2016.
The projects will cover nine various industrial sectors, including the nutrition, chemical, engineering, spinning and weaving, mining, pharmaceutical and leather domains, according to the report.
The projects will be set up in various governorates, including Sharqiya, Aswan, Giza, Cairo, Monofiya, Qaliobiya, Sohag, Assiyut, Menya, Qena and New Valley, the report said.
Kabil said the ministry adopted reform measures over the past period, including facilitating license measures of industrial facilities. He noted that several new industrial lands were put up to tender in the 10th of Ramadan city, Badr city, Fayyoum, Qweisna and Menya.
These measures managed to improve the investment climate and lure investments to the industrial sector, the Minister said.
Minister Kabil noted that the ministry is keen on encouraging serious investors and offers all needed facilities to them. He underlined that the ministry takes very strict measures against non-serious investors, expounding that the ministry gives them a time limit before withdrawing and cancelling their projects.
MENA
Related Stories
Most Visited
World Bank expects Egypt to be 5th top remittances recipient in 2019
Friday، 06 December 2019 01:53 PM
Egyptian-Russian naval drill "Friendship Bridge 2019" concluded
Saturday، 07 December 2019 01:14 PM
Egypt, Belarus sign three cooperation agreements
Tuesday، 10 December 2019 01:20 PM

-
FAJR
04:47
-
Shruq
06:11
-
Duhr
11:28
-
Asr
14:26
-
Maghrb
16:46
-
Isha
18:16