Latest news with #IndustrialDevelopmentAuthority
Zawya
3 days ago
- Business
- Zawya
Egypt reaffirms ban on industrial projects on farmland, in residential areas
In a continued effort to boost industrial development while preserving vital resources, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir held a meeting with investors in Beheira to address challenges facing the region's industrial zones and explore practical solutions. During the meeting, officials reviewed the implementation status of Beheira's three approved industrial zones, which span a total of 1,162.47 feddans. These include the Wadi El-Natrun Industrial Zone, covering 519.47 feddans; the Al-Tarrana Industrial Zone in Hosh Issa, covering 346 feddans; and the Nubaria Industrial Zone, covering 297 feddans. The discussions focused on land allocation, operational readiness, the availability of utilities, and the progress of ongoing infrastructure work in each zone. Attention was also given to the textile and ready-made garments industrial zone in Kafr El-Dawar. This complex, extending over more than 618,000 square meters, currently houses 138 factories operated by 103 investors. The Minister emphasized the importance of completing infrastructure and utility connections in the area to support production readiness. Al-Wazir directed officials from the Ministry of Industry, the Industrial Development Authority, and the Beheira Governorate to intensify planning efforts aimed at localizing industries based on the specific resources and advantages of each region. He noted that strategic localization should focus on sectors that deepen local manufacturing, create employment opportunities, and enhance the added value of national resources. The Minister underscored the urgency of accelerating infrastructure and utility development, while streamlining bureaucratic procedures to facilitate the rapid operation of factories. He also reaffirmed the Egyptian state's commitment to prohibiting any industrial activity on agricultural land or within residential areas, in accordance with directives from President Abdel Fattah Al-Sisi. These directives, he said, are crucial for preserving arable land and securing food supplies for future generations. Al-Wazir reiterated the government's commitment to genuine industrial development within properly designated and fully serviced zones, which offer a sustainable and regulated environment for growth. He encouraged serious investors to make use of the 1,800 industrial plots recently made available through Egypt's Digital Industrial Platform, stressing that suitable alternatives will always be offered within the planned zones. Calling on investors to prioritize the national interest, he described the preservation of agricultural land as a shared responsibility. During the meeting, several investors raised concerns about recurrent power outages and voltage fluctuations in the Wadi El-Natrun zone, which are disrupting factory operations. In response, Al-Wazir directed immediate coordination with the Ministry of Electricity and the relevant distribution companies to identify urgent and sustainable solutions. He also instructed the development of a clear technical plan to strengthen the area's electrical network and ensure stable power supply, thereby supporting uninterrupted industrial activity and preventing production delays.
Daily News Egypt
3 days ago
- Business
- Daily News Egypt
Egypt reaffirms ban on industrial projects on farmland, in residential areas
In a continued effort to boost industrial development while preserving vital resources, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir held a meeting with investors in Beheira to address challenges facing the region's industrial zones and explore practical solutions. During the meeting, officials reviewed the implementation status of Beheira's three approved industrial zones, which span a total of 1,162.47 feddans. These include the Wadi El-Natrun Industrial Zone, covering 519.47 feddans; the Al-Tarrana Industrial Zone in Hosh Issa, covering 346 feddans; and the Nubaria Industrial Zone, covering 297 feddans. The discussions focused on land allocation, operational readiness, the availability of utilities, and the progress of ongoing infrastructure work in each zone. Attention was also given to the textile and ready-made garments industrial zone in Kafr El-Dawar. This complex, extending over more than 618,000 square meters, currently houses 138 factories operated by 103 investors. The Minister emphasized the importance of completing infrastructure and utility connections in the area to support production readiness. Al-Wazir directed officials from the Ministry of Industry, the Industrial Development Authority, and the Beheira Governorate to intensify planning efforts aimed at localizing industries based on the specific resources and advantages of each region. He noted that strategic localization should focus on sectors that deepen local manufacturing, create employment opportunities, and enhance the added value of national resources. The Minister underscored the urgency of accelerating infrastructure and utility development, while streamlining bureaucratic procedures to facilitate the rapid operation of factories. He also reaffirmed the Egyptian state's commitment to prohibiting any industrial activity on agricultural land or within residential areas, in accordance with directives from President Abdel Fattah Al-Sisi. These directives, he said, are crucial for preserving arable land and securing food supplies for future generations. Al-Wazir reiterated the government's commitment to genuine industrial development within properly designated and fully serviced zones, which offer a sustainable and regulated environment for growth. He encouraged serious investors to make use of the 1,800 industrial plots recently made available through Egypt's Digital Industrial Platform, stressing that suitable alternatives will always be offered within the planned zones. Calling on investors to prioritize the national interest, he described the preservation of agricultural land as a shared responsibility. During the meeting, several investors raised concerns about recurrent power outages and voltage fluctuations in the Wadi El-Natrun zone, which are disrupting factory operations. In response, Al-Wazir directed immediate coordination with the Ministry of Electricity and the relevant distribution companies to identify urgent and sustainable solutions. He also instructed the development of a clear technical plan to strengthen the area's electrical network and ensure stable power supply, thereby supporting uninterrupted industrial activity and preventing production delays.
Zawya
14-04-2025
- Business
- Zawya
Egypt: Industry Ministry activates 1st phase of $588mln financing initiative for key sectors
Arab Finance: The Ministry of Industry announced the launch of the first phase of a new initiative to provide EGP 30 billion in financing facilities at a diminished interest rate of 15% to support priority industrial sectors, as per a statement. The program targets the purchase of machinery, equipment, and production lines for seven key industries: pharmaceuticals, food, engineering, chemicals, ready-made garments and textiles, mining, and building materials. Investors are invited to submit their applications through the headquarters of the Industrial Development Authority and its branches across governorates. Completed applications will be processed within two weeks. The Ministry of Finance will cover the difference in interest rates, in line with the government's plan to deepen local manufacturing and boost the competitiveness of Egyptian products. The program's eligibility criteria require applicants to provide evidence of readiness, including a building permit, proof of construction completion, and details on the machinery to be financed. The financing cap for each customer is subject to their business size and banking rules. Priority will be given to projects in underdeveloped regions and those that create the most job opportunities. Applications will be reviewed to confirm compliance with technical criteria before being forwarded to participating banks. The seven target sectors include detailed sub-industries, such as oncology drug production and cosmetics within pharmaceuticals, and solar energy components, desalination supplies, and electronics in the engineering sector. The food industry focus covers powdered milk, dried fruits, and essential oils, while the textile component includes synthetic and blended yarns. The initiative also covers ink production, polyethylene and polypropylene in chemicals, mineral preparation for pharmaceuticals and technology in mining, and ceramics, marble, and pipes in building materials. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
14-04-2025
- Business
- Daily News Egypt
Egypt to launch nationwide lease of serviced industrial units in May: Al-Wazir
Egypt will begin offering a series of vacant, fully serviced industrial units for lease across various governorates starting May 1, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir announced on Sunday. The launch, timed to coincide with Labour Day, underscores the state's commitment to accelerating industrial development nationwide, particularly in Upper Egypt. The announcement came during a meeting between Al-Wazir and a group of industrial investors from Luxor and Aswan to review progress on approved industrial zones and complexes in the two governorates. The meeting focused on land allocation, operational status, and utility infrastructure across the zones. Aswan Governorate currently includes five industrial zones covering a total of 8,011 feddans. These include Wadi Al-Allaqi (222.6 feddans), Wadi Hilal Al-Sebaeia (5,115 feddans), New Aswan (2,561 feddans), Toshka New City (56 feddans), and the Artisanal Industrial Zone in Nasr El-Nuba, East El-Geneina (56 feddans), which hosts an 18-feddan industrial complex. Luxor Governorate includes three key industrial zones spanning 1,769 feddans: the Al-Baghadadi zone (310 feddans, including a 50-feddan industrial complex), New Tiba City (359 feddans), and Arment (1,100 feddans). Al-Wazir instructed regular coordination meetings with local authorities to monitor implementation of the Ministry's decisions, address investor concerns, share available incentives, and track infrastructure development. He affirmed that Luxor and Aswan will be the first governorates in Upper Egypt to undergo field inspections aimed at addressing investor needs directly. The minister also directed the Industrial Development Authority (IDA) to notify licensed facilities that have yet to begin production—despite exceeding their startup deadlines—to initiate operations immediately or face land reclamation. Additionally, he warned against land speculation and stressed enforcement measures to ensure only serious investors are allocated plots, safeguarding industrial zones from informal growth. The meeting also addressed investor demands from Aswan's artisanal industrial zone in Nasr El-Nuba, including the establishment of marketing outlets to expand distribution channels. Al-Wazir highlighted Aswan's central role in the national development plan, given its economic potential across multiple sectors. In response to security concerns raised by investors in the Al-Allaqi zone, Al-Wazir pledged to coordinate with relevant authorities to increase the security presence around the industrial area, access roads, and nearby quarries. He also assured investors in the El-Geneina and El-Shabek complexes that environmental protections would be implemented—particularly in areas adjacent to mining activity—with support from the Egyptian Mining Company and the Ministry of Environment, and funded by the state. Finally, the minister reviewed a proposal from the Aswan Investors Association to develop industrial land under the industrial developer model. He instructed the association to complete the required legal steps and submit a formal application to the IDA. Al-Wazir promised full support for the association's efforts and emphasized the need for transparency in all industrial dealings to safeguard the interests of developers, the state, and end investors alike.
Egypt Today
10-03-2025
- Business
- Egypt Today
China expands investment in Egypt with $60 Million industrial projects
CAIRO – 10 March 2025: Egypt is set to receive a significant boost in foreign investment as ten Chinese investors plan to launch small and medium-sized industrial projects in the country this year. With a total investment of $60 million, these projects are expected to enhance local production, create jobs, and strengthen Egypt's industrial sector. Ahmed Ezz El-Din, Chairman of the Committee for Developing Relations with China at the Egyptian Businessmen's Association, stated that discussions have been ongoing for months between these investors, the Industrial Development Authority, and the Ministry of Investment and Foreign Trade. Their objective is to expand into the Egyptian market by investing in small-scale industrial ventures that will cater to local demand and boost exports. The investors have chosen strategic locations for their factories, including the Suez Gulf, Sadat City, and 10th of Ramadan City. These areas offer strong infrastructure and accessibility, making them ideal for industrial expansion. The projects will focus on key sectors such as engineering industries, electrical appliances, textile and garment manufacturing, and building materials. These industries hold high added value and offer promising export opportunities, further positioning Egypt as a regional manufacturing hub. Ezz El-Din emphasized the rapid growth in economic relations between Egypt and China, which has led to increased interest from Chinese companies in the Egyptian market. By the end of last year, the number of registered Chinese companies in Egypt had reached 2,066, reflecting the strong investment momentum. In recent months, the Committee for Developing Relations with China has also received over ten Chinese investment delegations from various provinces. These delegations have conducted feasibility studies to explore potential partnerships with Egyptian businesses, signaling further investment opportunities. Yasser Abbas, Deputy CEO of the General Authority for Investment and Free Zones (GAFI), previously stated that total Chinese investments in Egypt have reached approximately $8 billion. He reaffirmed the government's commitment to expanding small and medium-sized industries as part of the country's broader industrial development strategy. Trade between Egypt and China has also seen steady growth, increasing by 13 percent in the first nine months of this year to reach $11.624 billion, compared to $10.283 billion during the same period last year. To further strengthen economic cooperation, the Egyptian Businessmen's Association organizes over 30 annual meetings with Chinese delegations, each including more than 40 companies. These meetings aim to explore new investment opportunities and enhance collaboration between the two nations in both industrial and service sectors. With China's growing role in Egypt's economy, these latest investments mark another step in deepening bilateral trade and industrial partnerships.
