Trade Ministry to launch more industrial complexes this year

CAIRO – 15 July 2017: The Industrial Development Authority (IDA) will offer three small-sized industrial complexes in the 10th of Ramadan city, east of Cairo, to investors before the end of 2017, Minister of Trade and Industry Tarek Kabil said Saturday.

Each licensed complex would contain 120 production units to undertake different industrial activities, Kabil said in a statement.

A total number of 15 complexes are set to be issued before the end of 2017, as part of the Trade Ministry’s plan to build 22 industrial complexes by 2020.

Last week, the ministry launched three complexes in Minya, Beni Suef and Fayoum governorates in light of the its plan to build eight industrial complexes in Upper Egypt in 2017.