ICEC

Egypt to establish largest complex for supply industries with 15 bln pounds investments

The Minister of Industry and Trade Tarek Qabil revealed that  the biggest industrial complex for the supply industries of the engineering industries is currently being built  in Beni Suef with total investments of 15 billion Egyptian pounds ($847 million).

He made these remarks during the opening of the developmental projects, referring that the first phase of  the project has already started . It will create 11,000 direct job opportunities.

Qabil, announced that Beni Suef Governorate witnessed a huge spurt in Industry during the last period, adding that the government supported its industrial zone with 723 million Egyptian pounds.

“Around 700,000 meters have been allocated for medium industries in New Beni Suef and New Assuit cities,” Qabil added.

The minister also referred that they have started the establishment of a building material industrial complex  that would include 7 plants with total investments worth 6 billion Egyptian pounds. In addition, A factory to produce solar cells will be inaugurated soon in Qena with total investments of 370 million pounds.

Qabil also referred to the memorandum of understanding that has been signed with a leading Singaporean company to establish an industrial city in Fayoum spanning over 33 million meter square.

The minister said that governmental plans target building 10 industrial zones by the end of 2018.

President Abdel Fatah al-Sisi inaugurated on Sunday a series of investment projects, including new expansions to Samsung’s factory, which produces devices relying on made-in-Egypt components at the rate of 80 percent; the cement and granite complex, located in the industrial zone 31- 2 near the east desert road of Cairo-Assiut; and the second phase of Beni Suef General Hospital, which includes 48 clinics as well as special clinics to treat Hepatitis C.

He made these remarks during the opening of the developmental projects, referring that the first phase of  the project has already started . It will create 11,000 direct job opportunities.

Qabil, announced that Beni Suef Governorate witnessed a huge spurt in Industry during the last period, adding that the government supported its industrial zone with 723 million Egyptian pounds.

“Around 700,000 meters have been allocated for medium industries in New Beni Suef and New Assuit cities,” Qabil added.

The minister also referred that they have started the establishment of a building material industrial complex  that would include 7 plants with total investments worth 6 billion Egyptian pounds. In addition, A factory to produce solar cells will be inaugurated soon in Qena with total investments of 370 million pounds.

Qabil also referred to the memorandum of understanding that has been signed with a leading Singaporean company to establish an industrial city in Fayoum spanning over 33 million meter square.

The minister said that governmental plans target building 10 industrial zones by the end of 2018.

President Abdel Fatah al-Sisi inaugurated on Sunday a series of investment projects, including new expansions to Samsung’s factory, which produces devices relying on made-in-Egypt components at the rate of 80 percent; the cement and granite complex, located in the industrial zone 31- 2 near the east desert road of Cairo-Assiut; and the second phase of Beni Suef General Hospital, which includes 48 clinics as well as special clinics to treat Hepatitis C.

Comments
Loading...