Latest news with #IndustrialDevelopmentAuthority
Zawya
22-07-2025
- Business
- Zawya
Egypt to establish three private free zone factories for PVC panels, textiles with $216.5mln in investments
Egypt - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir affirmed the government's ongoing commitment to reviewing applications for establishing private free zone projects and granting golden licenses, as part of broader efforts to attract investment and boost industrial development. Speaking during the 27th meeting of the Ministerial Group for Industrial Development — attended by ministers of electricity, housing, petroleum, planning, public enterprise, investment and other senior officials — Al-Wazir emphasised the importance of activating the one-stop shop system at the Industrial Development Authority. As the sole body authorised to issue industrial licences, this step aims to reduce bureaucratic overlap among entities responsible for land allocation and project approvals. During the meeting, the committee reviewed and approved three new private free zone projects submitted by industrial companies. These include: A PVC panels and flooring manufacturing plant in the industrial zone of New Alamein City, with investments of $108m, expected to create 2,150 job opportunities. A ready-made garments factory in the medium industries zone of New Beni Suef City, with investments of $30m, targeting 9,000 jobs. A textile manufacturing project in 10th of Ramadan City, Sharqia Governorate, with investments of $78.5m, set to provide 4,000 jobs. Al-Wazir noted that the PVC panels project represents a new industry for the Egyptian market and will help meet domestic demand from a strategic location in New Alamein. He added that the garments and textile factories align with Egypt's strategy to expand labor-intensive, energy-efficient industries where the country enjoys competitive advantages thanks to skilled labor and industry experience. The minister also highlighted government efforts to encourage industrial investment in governorates such as Beni Suef, Minya, and Fayoum, which are rich in skilled labor. Two integrated textile cities have already been launched in Wadi El-Saririya (Minya) and the North Fayoum Industrial Zone to support job creation, meet local market needs, and boost exports. As part of its broader strategy to enhance the investment climate and improve the management of industrial land, the meeting discussed mechanisms for upgrading utilities in industrial zones to ensure optimal infrastructure use in support of economic growth. Al-Wazir directed the formation of a joint technical committee — comprising representatives from the ministries of industry, planning, finance, housing, local development, and the Federation of Egyptian Industries — to study the restructuring of the Industrial Utilities Support Fund and expand utilities provision to underserved industrial areas. The review will cover administrative, financial, and technical aspects to maximise the fund's effectiveness in supporting industrial development and infrastructure improvements. The meeting also addressed policies to secure sustainable natural gas supplies for the industrial sector, taking into account energy cost challenges and factory operations. It highlighted the importance of rescheduling outstanding debts owed by factories to the Ministry of Petroleum and Mineral Resources through flexible mechanisms that enable continued production while protecting state rights. Additionally, the committee reviewed recent efforts by the Ministry of Petroleum to secure gas supplies for the national grid — including higher domestic extraction and the use of regasification vessels — which have helped meet rising industrial demand and maintain production momentum.
Daily News Egypt
21-07-2025
- Business
- Daily News Egypt
Egypt to establish three private free zone factories for PVC panels, textiles with $216.5m in investments
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir affirmed the government's ongoing commitment to reviewing applications for establishing private free zone projects and granting golden licenses, as part of broader efforts to attract investment and boost industrial development. Speaking during the 27th meeting of the Ministerial Group for Industrial Development — attended by ministers of electricity, housing, petroleum, planning, public enterprise, investment and other senior officials — Al-Wazir emphasised the importance of activating the one-stop shop system at the Industrial Development Authority. As the sole body authorised to issue industrial licences, this step aims to reduce bureaucratic overlap among entities responsible for land allocation and project approvals. During the meeting, the committee reviewed and approved three new private free zone projects submitted by industrial companies. These include: A PVC panels and flooring manufacturing plant in the industrial zone of New Alamein City, with investments of $108m, expected to create 2,150 job opportunities. A ready-made garments factory in the medium industries zone of New Beni Suef City, with investments of $30m, targeting 9,000 jobs. A textile manufacturing project in 10th of Ramadan City, Sharqia Governorate, with investments of $78.5m, set to provide 4,000 jobs. Al-Wazir noted that the PVC panels project represents a new industry for the Egyptian market and will help meet domestic demand from a strategic location in New Alamein. He added that the garments and textile factories align with Egypt's strategy to expand labor-intensive, energy-efficient industries where the country enjoys competitive advantages thanks to skilled labor and industry experience. The minister also highlighted government efforts to encourage industrial investment in governorates such as Beni Suef, Minya, and Fayoum, which are rich in skilled labor. Two integrated textile cities have already been launched in Wadi El-Saririya (Minya) and the North Fayoum Industrial Zone to support job creation, meet local market needs, and boost exports. As part of its broader strategy to enhance the investment climate and improve the management of industrial land, the meeting discussed mechanisms for upgrading utilities in industrial zones to ensure optimal infrastructure use in support of economic growth. Al-Wazir directed the formation of a joint technical committee — comprising representatives from the ministries of industry, planning, finance, housing, local development, and the Federation of Egyptian Industries — to study the restructuring of the Industrial Utilities Support Fund and expand utilities provision to underserved industrial areas. The review will cover administrative, financial, and technical aspects to maximise the fund's effectiveness in supporting industrial development and infrastructure improvements. The meeting also addressed policies to secure sustainable natural gas supplies for the industrial sector, taking into account energy cost challenges and factory operations. It highlighted the importance of rescheduling outstanding debts owed by factories to the Ministry of Petroleum and Mineral Resources through flexible mechanisms that enable continued production while protecting state rights. Additionally, the committee reviewed recent efforts by the Ministry of Petroleum to secure gas supplies for the national grid — including higher domestic extraction and the use of regasification vessels — which have helped meet rising industrial demand and maintain production momentum.
Zawya
03-06-2025
- 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
02-06-2025
- 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. (
