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Minister of trade and industry declared starting establishing new 5 industrial zones in the second phase of the industrial developer system. The new zones are specialized in the Engineering, food and ready-made clothes industries on an area of 5.3 million square meter with LE7.3 million in the cities of 6th of October and 10th of Ramadan.
The minister said that an integrated strategy for developing the Auto feeder industries and specifying this vital sector needs until 2020 prepared confirming that there is No intention to make any adjustments in the value of cars customs.
The Minister confirmed that the Industrial Developers is one of the important projects that the government implements in participation with the private sector to find a new focus for industrial development through providing cheep lands and making use of the investments and grate experience of the world companies specialized in this field.
Furthermore, Despite the rise in land prices in all regions during the last period he stressed his ministry's commitment to provide lands for industrial investment by suitable prices confirming that the land allocation system that the ministry put prevented the Speculative Trading on industrial Lands
In addition, The Minister confirmed the government's keenness to complete the Overall industrial development plans of all industrial sectors and Improve the quality and standing of the Egyptian products and increase its competitiveness inside and outside Egypt. besides,
The Prisedent confirmed that the ministry of Trade and Industry Taken a number of actions to encourage both Egyptian and foreign investors to invest in Egypt.
Moreover, IDA Chairman stated that the 5 companies including: the Industrial Development Group (IDG) for developing industrial zone in the 6th of October city on an area of 1.1 million m2 with investments of LE1.7 billion, Polaris – Zamil in the 6th of October city on an area of 1.1 million m2 with LE1.5 billion investments, Olympic Group in the 10th of Ramadan city on an area of 1 million m2 with investments of LE1.2 billion, Energiya for the development of industrial zones in the Tenth of Ramadan on an area of a million m2 with LE1.2 billion investments and Saudi company on an area of 1.1 million m2 with LE1.7 billion investments.
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