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Industry Ministry finalises Alexandria's Mergham 2 Plastics Industries Complex MSMEDA has made EGP 10.6m worth of finance available to 13 customers, says Gamea
Construction works on the Mergham 2 Plastic Industries Complex in Alexandria have been completed, according to Minister of Trade and Industry Nevine Gamea. Gamea, who is also Executive Director of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), said the complex covers an area of 51 feddan. The minister has offered 204 industrial units to investors, with the allocation procedures currently being completed. She noted that the complex complements the Mergham 1 complex, comprised of 238 industrial units, which also specialises in the plastic industries. The two complexes constitute the nucleus of an integrated plastic industries city based on the availability of raw materials in the adjacent petrochemical area. This area includes the major petrochemical companies in Alexandria. Gamea said her ministry is considering coordinating with the Chemical Industries Holding Company in the provision of necessary raw materials for the Merghem 2 complex at cost price. Training and employment opportunities will also be offered to project owners, alongside their involvement in Chemical Industries Holding Company exhibitions. Furthermore, loading and unloading hangars will be established in the complex covering areas ranging from 48 sqm to 96 sqm. "The ministry's plan aims to establish 17 industrial parks for small- and medium-sized enterprises, at a total cost of EGP 8.5bn. Moreover, construction on four of them has been completed in Badr City, Sadat City, Mergham 1 and South Raswa in Port Said," Gamea said. "Currently, the construction of 13 complexes in 12 governorates, totalling 4,311 units and worth EGP 10.6m, is currently underway for several sectors, including furniture, ready-made clothes, plastic, food, engineering, and simple chemical and building materials, and which is expected to provide 85,000 job opportunities." Construction work at all complexes and the start of the process offering and allocating for investors is expected to start in the next few months, Gamea disclosed.
