Egypt's Supply Min. offers 18 projects with investment worth LE 50 billion

CAIRO – 22 November 2020: Internal Trade Development Authority offered many investment opportunities estimated at 18 projects in 11 governorates with investment amounting to LE 50 billion, according to Head of the Authority, First Assistant Minister of Supply, and Head of the First Egyptian Commodities Exchange, Ibrahim Ashmawy.

Ashmawy added in a statement, Sunday, that the current investment climate in Egypt provides many attractive opportunities for more investments, and that the Trade Development Authority has an investment map that includes all the needs of each governorate from commercial patterns and average spending, as well as average income, investment map and commercial activities, including Logistic areas, commercial centers, wholesale markets, specialized markets and commercial chains, with the aim of targeting and covering all governorates of the Republic.

This came during Ashmawy’s announcement about the participation and sponsorship of the Ministry of Supply and the Internal Trade Development Authority for the «BINEX 2020» exhibition, confirming the use of this successful forum to market the current work plan of the agency, which includes the localization and attracting new investments with the aim of establishing commercial chains, developed markets, logistical areas, commercial centers and strategic stores. .

He explained that this is with the aim of providing food and non-food commodities to citizens in various governorates, reducing circulation circles and reducing the rates of lost products, in addition to providing thousands of job opportunities, which will reflect positively on the national economy, and the importance of expanding the establishment of logistical areas to be established, which will include centers for packing and warehousing, commodity trading chains and a wholesale market for food and non-food products.