Egypt's ministry of industry announced on Sunday the launch of 386 ready-to-operate industrial units for entrepreneurs and small businesses, part of a broader push to boost local manufacturing and support small and micro enterprises. The offering, which coincides with the anniversary of Egypt's October War victory, includes units in 12 industrial complexes across 11 governorates. Applications will be open from October 6 to 20 via the government's digital industrial platform www.madein.eg. Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir said the units range in size from 48 to 792 square metres and cover sectors such as engineering, chemicals, food processing, textiles, furniture, garments, metals, plastics, and pharmaceuticals. The government is offering the units with a package of incentives, including: * Low-interest financing at a 5 per cent declining rate * Up to 100 per cent financing for ownership applicants * A 9-month rent grace period for lease contracts * Removal of standard processing fees and reduced application costs The initiative also includes technical and marketing support through the Small and Medium Enterprises Development Agency (MSMEDA). The new offering includes ownership-only units in Beni Suef, Sohag, Red Sea, Qena, Assiut, Minya, Fayoum, Luxor, and Alexandria. A mixed ownership and lease model will be available in Aswan, while Gharbia will offer lease-only units. Applications are fully digital, and the Industrial Development Authority (IDA) will review submissions based on predefined criteria. Priority will be given to businesses seeking expansion and those opting for full upfront payments. The move is part of Egypt's ongoing strategy to expand industrial activity, increase job opportunities, and attract private sector investment. Attribution: Amwal Al Ghad English
