13 industrial complexes to be launched in 1H 2018

CAIRO - 2 January 2018: "The Ministry of Industry is currently finishing procedures of 13 new licensed industrial complexes," Minister of Industry and Foreign Trade TarekKabil said Tuesday.

During his visit to Qena, Kabil explained that seven of the industrial complexes will be located in Upper Egypt, while the remaining six complexes will be located in Red Sea, Alexandria, Fayoum, Gharbia and Beheira governorates.

"These complexes will be launched for investors in the first half of 2018 through the Industrial Development Authority on a 50-year usufruct basis term," Kabil said.

The ministry has managed to offer 26 million square meters for industrial activities, where 11 million square meters were launched in 2016 and 15 million square meters were made available by end-2017. There is also a plan to offer around 34 million square meters during 2018.

The Ministry of Industry and Foreign Trade launched in late October, 2017, a comprehensive map for industrial investment involving opportunities in several of the sectors' segments. These opportunities were defined according to the competitive characteristics of every governorate.

The investment map includes 4,136 opportunities in eight sectors, including engineering, chemicals, food and fabrics.

Around 1,260 opportunities are in the engineering industries, 860 in the chemical industries, 640 in the food industries, 600 in the textile sector, 395 in the mining sector, 180 in the pharmaceuticals sector, 122 in the metal industries and 56 in the leather industries.

The small industries comprised 56 percent of the presented opportunities, followed by 23 percent in the medium industries, 13 percent in micro-small industries and 8 percent in giant industries.