Egypt's stocks mixed on Tuesday as main gauge EGX 30 falls 0.63%    IMF upgrades Egypt's real GDP growth 2022 forecasts to 5.6%    Al Khair River starts trading on Egypt's stock exchange today    Egypt works on charting cooperation strategies with international institutions for 5 years: Al-Mashat    Maha karara joins AAIB as Head of Corporate Communications, Sustainability    Over 2.4 million newborns examined for hearing impairment: Health Ministry    Netflix releases trailer of Arab adaption of 'Perfect Strangers' film    Balqees to headline concert celebrating launch of streaming giant LIVENow in MENA    Sawsan Badr to be honoured at Aswan Women Film Festival    Al-Sisi follows up on 'Great Transfiguration Project' in St. Catherine    Cairo, London stress need to strengthen cooperation to face climate change    Foreigners account for 22.6% of Egypt's T-bills issuances in 1H 2021: CBE    MP Abdel Hady Al-Qasby calls government to facilitate and support NGOs    Egypt's ambassador to Italy passes away    Egypt confirms readiness to help African countries face terrorism and extremism    An estimated 235 million people needed humanitarian assistance and protection in 2021, an increase of 40% compared to 2020: IOM Egypt    Egypt, DRC discuss water cooperation during WYF    Egypt, DR Congo discuss boosting bilateral cooperation during WYF    Cameroonian police probe assault on three Algerian journalists covering AFCON    Pharaohs start AFCON 2021 campaign with fierce clash against Nigeria    Foreign Ministry opens capacity building course for French-speaking African diplomats    BRICS development bank admits Egypt as new member    Nermien Ismail Schools opens a new campus in O'West    Netherlands Embassy, E7kky Magazine celebrate success of 21 Egyptian women    Women make up 45% of Egyptian Atomic Energy Authority staff    Yas Island hosts travel partners at Formula 1 Etihad Airways Abu Dhabi Grand Prix 2021    Olaf Scholz becomes Germany's new leader, ending Merkel 16-year historic era    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    The unvaccinated prohibited from entry to Egypt state institutions starting December 1    Egypt's iron and steel exports jump 197% in 8 months    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    Brazil calls up 8 EPL players for World Cup qualifying    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Sisi calls on House, Senate to commence second legislative sessions on 3, 5 October    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    Qa'a play showing at Lycee El Horreya Theatre, Alexandria is a must go    On International Museum Day, Egypt opens two new museums at Cairo Airport    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Industry Offers 5 mln Meters To Attract EGP20 bln Investments
Ayman Saleh Published in Amwal Al Ghad on 16 - 10 - 2012

Eng. Hatem Saleh, Minister of Industry and Foreign Trade, unveiled the ministry's plan to resume work with industrial developer system, which was halted since the Egyptian revolution in 2011. It aims at establishing 18 industrial zones have complete utilities and logistic services by the end of 2013; targeting EGP 20 billion investments.
On the sidelines of Musaid fair in Istanbul, Hatem Saleh asserted to Amwal Al Ghad that his plan includes starting to develop the industrial zones in on Gulf of Suez Canal and Sinai, west Port Said, Suez, Ismailai, Damietta, and El-Alamein in addition to some industrial zones in Upper Egypt.
As per constructing logistic zones, Saleh said he aims at finishing the construction of areas in the existing industrial communities, in Ramadan 10th City, October 6th City, Sadar, Borg Al Arab, El Fayoum, Port Said, and Ismailai to attract investments that expected to reach EGP 20 billion.
He added that establishing these zones comes in the framework of cooperation between the government and the public sector, in addition to the local and global private sector, to utilize these industrial zones so as to meet the increasing investors' needs on industrial investment.
The industrial developer system, which the ministry implemented in the last period, has proved its relative success; but it has some defects that led to raising the industrial lands' prices in an exaggerated way. So the ministry will stipulate that the industrial developer companies should determine maximum price per meter and decrease the spaces to suit with the needs of small and medium entrepreneurs' owners.
The minister said the lands that the ministry has and not attached are 5 million meters, and included in the targeted 18 zones.
It is expected that the companies, which will use the first experience of industrial developer after the revolution, will Egyptian, Turkish, Saudi, Qatari and Jordanian.

Clic here to read the story from its source.