Egypt’s IDA receives 500 requests for land plots on investments map
Egypt’s Industrial Development Authority has received 500 requests from various sectors as part of industrial investments map launched last October, according to Magdy Ghazy its Vice Chairman.
He told Amwal Al Ghad that the initial results will be announced within 70 days.
The first phase of the industrial investments map will include launching 2050 pieces of land with total area of 5.2 million square metres.
He further noted that the land plots are distributed over 13 governorates nationwide, where Sadat City and Menoufia coming first with a total number of 1076 plots and a total estimated area of 2.3 million square meters.
Then came Qena governorate with total land plots of 374 pieces on area of approximately 600,000 m2, while the land plots launched in 10th of Ramadan totalled 359 plots on an area of about 190 thousand m2.
It also includes the launch of 43 pieces in the Borg El Arab with an estimated area of 134,00 m 2, and Mahalla with total number of 42 pieces on an area of approximately 33,000 m 2. There will be pieces land plots in Minya as well with a total area of 26,000 m 2.
The industrial investment map was launched so as to promote the Egyptian industry and enable Egypt to become a leading industrial country in the Middle East and Africa.
The investments opportunities include 480 opportunities in the engineering industries, 388in chemicals, 266 in food products, 232 in textiles, 395 in the mining industries, 183 in pharmaceuticals, 122 in metal industries, and 56 in leather manufacturing.
