Egypt to build 22 industrial complexes till 2020: minister

Egypt announced Saturday a plan that aims to establish 22 industrial complexes until 2020, according to Egyptian Minister of Trade and Industry Amr Nassar.

The country started these plans with building three complexes as a first phase in Sadat city, Badr city, and Port Said governorate, Nassar further added in a statement.

The complex in Sadat covers an area of 300,000 square metres, while in Badr its area is 88,000 square metres, and in Port Said it covers 180,000 square metres.

The Egyptian minister noted that the first phase aims to establish 500 plants for small and medium industries.

On a separate note, the Industrial Development Authority’s (IDA) chairman Ahmed Abdel Razik stated that the industrial complex in Badr City includes 87 units for food, engineering, and textiles industries.