Egypt supports industrial development with incentives and incentives for investors

Reports / Media
Rasha el sharkawy – 26 December 2018
The Egyptian government has taken a number of decisions to stimulate and encourage investments in the industrial sector. It has developed land development policies for industrial purposes and made them available to investors to facilitate and streamline procedures for obtaining industrial licenses.
The most important of these facilities is the allocation of 100 plots of land free of charge in the governorates of Upper Egypt in implementation of the decisions of the Supreme Council for Investment, which was headed by the allocation of industrial land in Upper Egypt free of charge in accordance with the regulations and requirements set by the General Authority for Industrial Development and according to the state investment map.
In addition, 8 new industrial complexes have been launched, equipped with licenses in the Upper Egypt governorates, each of 300 thousand square meters. It includes 200 units in each complex within the framework of implementing the strategy of the Ministry of Commerce and Industry to create real industrial development in the governorates of Upper Egypt and the governorates of Sohag, Assiut, Qena, Fayoum, Aswan and Luxor.
In addition to allocating 2.3 million square meters of industrial land free of charge in Upper Egypt with expected investment costs of 3.4 billion pounds.
Twenty-two industrial complexes will be built by 2020 and three completed and completed in Sadat, Badr and Port Said areas. The units will be 500 units in the three complexes, costing LE 860 million, and we will continue to complete the rest of the 22 complexes by 2020, Your factory is ready to license “