Photo courtesy of Egypt’s Administrative Capital for Urban Development company
The statement said the complex will be built in Egypt’s New Capital. It aims to increase the country’s industrial capacity and attract regional investment. No further details were disclosed.
PIIP is a Turkish-Egyptian partnership established 11 years ago in Egypt as a developer of industrial land, focusing on industrial park investment, construction, and management.
The company is considered a key player in Egypt’s industrial sector, with facilities in Sadat City, New October, and 6th of October City.
ACUD is the Egyptian company responsible for planning, building, and operating the New Capital.
The investment is part of Egypt’s efforts to support local manufacturing and increase the industrial sector’s contribution to GDP from 14 percent to 20 percent by 2030.
The industrial sector is one of five priority areas in Egypt’s economic development plan, which focuses on industrial growth, foreign investment, and improving labour market efficiency.
The project also aligns with the National Industrial Strategy, which is currently under review, as Egypt seeks to attract more local and foreign investment while relying on the private sector as a key partner in economic development.
The government aims to increase the private sector’s share of total investment to 64 percent by 2030, up from about 59 percent currently.
It also plans to increase the investment-to-GDP ratio from around 17 percent to 20 percent over the medium term as part of its economic priorities for the 2026–2027 fiscal year.
These goals support the state’s efforts to localize industry, reduce imports, boost exports, and improve the competitiveness of Egyptian products in regional markets.
Egypt’s New Capital has been attracting more investments as the government aims to develop it with advanced urban planning, modern infrastructure, and an environment suitable for investment, work, and living, which will improve asset management and service delivery.
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