Egypt approves $216.5m in new industrial zone projects
Egypt’s Minister of Industry and Transport Kamel El-Wazir on Monday approved three major projects worth $216.5 million under the private free zone system, aiming to create more than 15,000 jobs across multiple governorates, the Cabinet reported.
During the 27th meeting of the Ministerial Group for Industrial Development, approvals were granted for investments including a $108 million PVC plant in New Alamein that will provide 2,150 jobs, and a $30 million garments factory in Beni Suef, creating 9,000 jobs. Additionally, a $78.5 million textiles facility in 10th of Ramadan City is set to employ 4,000 workers.
El-Wazir emphasised that the projects reflect Egypt’s focus on attracting labour-intensive, energy-efficient industries with strong local capabilities. He added that New Alamein is being positioned as a promising hub for industrial growth.
The government is also working to expand industrial investment in Upper Egypt, especially in Beni Suef, Minya, and Fayoum, where skilled labour is abundant. Integrated textile cities are being developed in Wadi El-Saririya (Minya) and northern Fayoum to support this push.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salamav