Egypt’s IDA seeks to finish preparing its regulating law this week

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Egypt’s Industrial Development Authority (IDA) seeks to complete preparing the operating regulation of the law that will reform its role during the current week, Magdy Ghazi,  the acting head of IDA.

Egypt’s parliament has approved a landmark law aimed at reforming the role of the Industrial Development Authority (IDA), a government body which will be tasked with boosting development in the country’s industrial sector.

The 37-article law will turn the IDA into an independent economic authority which “will work in coordination with the Ministries of Industry and Trade in boosting investments in the industrial sector.

He told Amwal al Al Ghad that IDA plans to launch 15 million metre square during 2019.