Industrial Development Group (IDG), the industrial arm of Egypt-based construction firm Samcrete, is studying developing major industrial zones in Ethiopia and Saudi Arabia. The move will be part of IDG’s strategy to expand businesses abroad.
Sameh Attia, IDG’s managing director, said his firm is currently conducting studies on offers received from a number of investors to develop major industrial zones in Ethiopia and Saudi Arabia.
The studies aim to determine the space of lands designated to establish the industrial zones as well as get to know the legislations of each country to determine the possibility of attracting investments to those zones, Attia added.
Elsewhere, IDG decided to postpone signing final agreement to develop an industrial zone in Morocco covering more than 5 million square metres until 2017, he said. The anticipated industrial zone in Morocco will be IDG’s first project in the country.