2023-09-14 12:13:44
Return of the industrial developer system
Last February, the Egyptian government finalized new controls for the return of land offerings under the industrial developer system to ensure that developers are serious regarding the annexation and development processes.
Egypt will offer new industrial lands to investors within a month
Industrial development companies facilitate and develop the region by providing all facilities (roads, water, drainage, electricity, gas, and telephones), in addition to managing the region and providing logistical and security services and maintenance work.
The industrial sector’s needs in Egypt for attached land amount to more than 7 million square meters annually, while what the government provides does not exceed 3 million square meters, according to data from the Egyptian Industrial Development Authority.
Last July, the Industrial Development Authority revealed to “Eqtisad Al-Sharq” that new industrial lands would be offered to investors within a month, in the cities of October, Fayoum, Beni Suef, 10th of Ramadan, Sadat City, and some Upper Egypt governorates, to accelerate the pace of growth and increase Private sector participation in economic sectors.
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