Egypt launches 30 mln sqm industrial land plots since July 2016

Industrial Development Authority has launched total land plots of 30 million metre square since July 2016 all over Egypt, Chairman of the IDA Ahmed Abdel Razek said.

Abdel Razek added that IDA will complete the first phase of the automation of the industrial licensing procedures during the upcoming days, whereas the second phase of the automation process will be completed by the end of the current year.

Furthermore, Abdel Razek said that the third phase of the automation  will include land allocation procedures like licensing procedures, explaining that the recent proposals come under the ministry’s strategy to achieve the 2020 Industrial Development.