Latest news with #EgyptIndustrialDigitalPlatform
Daily News Egypt
25-05-2025
- Business
- Daily News Egypt
Al-Wazir inaugurates Golden Avenue garment factory, accelerates industrial development in Minya
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, toured key industrial sites in Minya, highlighting Egypt's ongoing push to localize manufacturing and expand infrastructure in Upper Egypt. Al-Wazir began by visiting the Giza Company for Upper Egypt Development, a textile and ready-made garments factory that serves as a flagship example of successful local investment. Spanning 46,000 square meters and employing 2,500 workers, the factory has achieved a 50% local content rate, which Al-Wazir hailed as a major milestone in Egypt's industrial development strategy. He then officially inaugurated the Golden Avenue factory, a $3.5m Egyptian-Vietnamese joint venture specializing in the production of padded jackets for export to Europe and the United States. The facility currently employs 350 workers, with plans to grow its workforce to 1,500 by the end of the year. Following the inaugurations, Al-Wazir inspected the Matahra Industrial Zone, which spans 8 million square meters and hosts 621 projects across multiple sectors. He also reviewed proposed utility works at a 306-feddan expansion site designated for new industrial development. As part of broader investment facilitation measures, the minister announced that 16 vacant plots in the Matahra zone will be made available via the Egypt Industrial Digital Platform on June 1, 2025. Additionally, a small industries complex—comprising 68 units for food, engineering, and textile production—recently concluded a leasing round that ran from 1 to 22 May 2025. Al-Wazir stressed the urgency of accelerating development in Matahra, citing its strategic location near major transportation routes and export hubs, including Safaga Port (250 km), Ain Sokhna Port (300 km), Minya Railway Station (40 km), and Assiut Airport (130 km). Plans are underway to add 1.2 million square meters to the zone, creating Upper Egypt's first textile-focused industrial area. To ensure accountability, Al-Wazir ordered the formation of a joint inspection committee to verify that allocated industrial plots are being developed on schedule. Lands left idle or misused will be reclaimed and reallocated to serious investors to curb speculation and accelerate productive use. The minister also inspected progress on the Western Upper Egypt Desert Road, a transformative infrastructure project stretching 1,226 kilometers. He visited the Dairut–Asyut segment, which is 72 kilometers long and now 75% complete. This section will ultimately feature six lanes—three for main traffic and three for service—across a 46-meter-wide corridor. Progress along the route is advancing steadily. The Cairo–Minya segment, covering 230 kilometers, was inaugurated in December 2021. The 60-kilometer Minya–Qusiya section opened in March 2023. The 57-kilometer Qusiya–Asyut section is now 75% complete. Work is progressing on the 113-kilometer stretch between Luxor and Sibaiya, while the 215-kilometer Aswan–Toshka section has reached 23% completion. The Sibaiya–Edfu segment (25 kilometers) and the Edfu–Aswan section (87.5 kilometers) are scheduled for completion by March 2025. The remaining segments, including the 336 kilometers from Asyut to Luxor and 103 kilometers from Toshka to Arqin, are currently in the planning phase. So far, 402.5 kilometers of the road have been completed, 385 kilometers are under development, and 439 kilometers are planned for future construction.
Zawya
24-02-2025
- Business
- Zawya
Egypt offers 2,172 industrial land plots across 22 governorates
Egypt's Ministry of Industry and Transport has announced the offering of 13.3 million square meters of serviced industrial land through the Egypt Industrial Digital Platform. A total of 2,172 plots, spanning 22 governorates, will be made available to accelerate industrial projects, enhance local manufacturing, and boost exports. Vice Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel El-Wazir, stated that the offering coincides with the launch of the second phase of the Egypt Industrial Digital Platform. This phase introduces three additional online services—building permits, land suitability reports, and industrial registry services—bringing the total to six, along with an integrated online payment system. The land allocation aims to meet the growing demand for industrial investment, with new plots offered every three months to ensure transparency and efficiency. Plots range from 200 square meters to 500,000 square meters, catering to small, medium, and large industrial investors. They are distributed across Cairo, Giza, Menoufeya, Sharqeya, Dakahleya, Beheira, Gharbeya, Kafr El-Sheikh, Port Said, Ismailia, Suez, Fayoum, Beni Suef, Minya, Assiut, Sohag, Qena, Luxor, Aswan, New Valley, Marsa Matrouh, and North Sinai, ensuring balanced geographic development. The offering includes land designated for various industries such as food, pharmaceuticals, engineering, chemicals, building materials, and textiles. Investors can now apply for two land opportunities—one primary and one alternative—increasing their chances of securing plots. Applications must be submitted through the Egypt Industrial Digital Platform, with registration open for one week starting March 1, 2025. Investors can access the 'Land Allocation' section via a newly introduced specialized industrial land map. The plots will be available for either ownership or usufruct, with prices set below market rates and infrastructure costs. The annual usufruct fee is 5% of the freehold price per square meter. Investors who previously applied but were unsuccessful, and have not reclaimed their deposit, will be given priority in this round. To encourage investment, the Industrial Development Authority is offering several incentives, including a 50% reduction in application study fees, full exemption from bid submission fees, the removal of financial guarantees, and a simplified feasibility study requirement. Additionally, the deposit required to reserve a plot has been reduced to 10% of the announced land price. The first phase of the Egypt Industrial Digital Platform was launched in September 2024, providing services such as operational license issuance, annual follow-ups, and industrial land allocation. The second phase builds on this foundation, further streamlining the investment process for industrial developers. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
