Egypt’s Trade Minister says has opened small industries complex in Ain Sokhna

Egypt’s Minister of Trade and Industry Tarek Qabil said Saturday it has opened a complex for small industries in Suez Industrial Development Company in Ain Sokhna.

The complex, which is established over 35,000 square metres, includes 47 factories, with investments totalling 800 million Egyptian pounds ($45.3 million), Qabil stated, adding that it would provide around 5,000 job opportunities.

“In its first phase, the complex includes 17 factories, and the majority of factories have started actual production in the field of recycling papers, packing fertilisers, manufacturing medicines and medical products, and packing legumes,” the Egyptian minister further noted.

Qabil referred that that the opening of the complex will achieve the ministry’s goals and plans to develop small projects that represent the main pillar of structuring the county’s national economy.

“The ministry also seeks to expand the establishment of such complexes to add new industrial capacities and create more jobs,” Qabil showed.

Source: Daily news