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Industrial Development Authority signs MoU with SME development agency

Doaa A.Moneim , Saturday 24 Aug 2019
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The head of the Industrial Development Authority (IDA) and the head of the Micro, Small and Medium Enterprise Development Agency (MSMEDA) have signed an MoU to cooperate on promoting plans for industrial complexes of small and medium-sized (SME) enterprises, as part of the “Your Factory is Ready With a Licence” initiative.

“This initiative is a part of the trade and industry ministry’s plan to support the SME sector through establishing 22 industrial complexes through 2020. IDA is to offer 13 new industrial complexes in Upper and Lower Egypt. A statement of work for two of them, in the Alexandria and Red Sea governorates, will be offered next week,” said Magdy Ghazy, the head of IDA.

He called on investors and entrepreneurs to apply for the initiative, adding that there are three industrial complexes which will be offered soon.

Neven Gamea, the head of the MSMEDA, said the agency will introduce promotion services for these complexes soon.

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