Sisi inaugurates first phase of Damietta Furniture City

CAIRO – 23 May 2017: President Abdel-Fatah al-Sisi arrived Tuesday at Damietta Furniture City, north of Cairo, to inaugurate the first phase of the Damietta Furniture City project.

Damietta Furniture City will be established on a 331 acre plot and is expected to produce 25,000 job opportunities as well as another 40,000 jobs indirectly.

The project aims at developing the industry of furniture by using modern technology. The estimated cost of the Damietta Furniture City project ranges between LE 4.5 to LE 5 billion.

The cost of the first and second phase of the project is predicted at LE 1.1 billion.

Earlier in the day on May 23, President Abdel Fatah al-Sisi inaugurated a number of other projects in Damietta.

Damietta is known to be the Egyptian hub for the furniture industry, where 70 percent of exported furniture comes from the city.

The Damietta Furniture City Project, launched in 2015, is being built on 331 acres of land, and is expected to include at least 2000 workshops and 55 factories. The project is set to provide over 40,000 direct jobs and 120,000 indirect jobs, as well as boasting a capacity of 2,400 furniture factories and workshops, the trade ministry announced in July 2015.