Industrial Development Group – IDG seeks to complete the first phase of El Alamein Industrial Park within June 2016, its Marketing Manage Khaled Bagnied said.
The new industrial park is built over a total area of 2.7 million square meters, located only 110km west of Alexandria City, at the New El Alamein City on the Mediterranean Sea on the northern of Egypt.
“El Alamein Industrial Park” project will offer a wide range of business opportunities across all market sections, and its influence will reach the markets within the MENA region as well as the Mediterranean.
The company has started the construction works in January 2019, it has already signed deals with three firms to invest in the new project.
It expects 120 firms to invest into the industrial park during the upcoming period.
IDG is a shareholding company with joint Egyptian – German – American investments; 80 percent of which is Egyptian capital, while 70 percent of that is Samcrete investment.