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Saturday, 24 August 2019

1000 industrial lands to be offered within two months: head of IDA

Doaa A.Moneim , Monday 15 Jul 2019
Views: 1534
Views: 1534

The Head of Industrial Development Authority (IDA) announced a pilot version of the industrial investment map within a few months, offering , in principle, approximately one thousand lands for industrial purposes and their potential investment opportunities.

He added in a statement that the IDA is offering 31 million square meters of industrial land, with all facilities, over the course of three years as part of the Ministry of Trade and Industry's industrial development 2020. Industrial development 2020 plans to offer 60 million square meters of facilities land for industrial purposes.

 “The map also targets the establishment of thirteen industrial complexes for small and medium industries. Two industrial complexes will be offered for small investors soon,” he stated.

He highlighted that Egyptian businesspersons abroad and domestic, in addition to foreign investors, will have access to the industrial map and all the opportunities it offers, including all the required documents and lands’ prices. They will be able to opt in for the desired lands online, and have the required documents sent to them in order to complete the registration process.

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