The IDA received from March 2017 till August 2018 applications for 390 major projects, worth some EGP147.5 billion.
Cairo- Aug 28, 2018 According to a recent report, around 1,673 factories received constructing and operating licences, and temporary operating permits (TOPs) from the Industrial Development Authority (IDA) during the month of August, including 1,584 operating and 89 building licences, compared to a total of 263 licences and TOPs over the same month a year earlier.
It also stated that 557 industrial facilities were registered, down from 920 year on year.
“We are committed to boosting investments in the manufacturing sector and achieving inclusive industrial development, ” Minister of Trade and Industry Amr Nassar said commenting on the report.
Head of the IDA Ahmed Abdel Razek pointed out that the Authority received from March 2017 till August 2018 applications for 390 major projects, worth some EGP147.5 billion; 72% of which are foreign investments.
“The potential ventures will cover various fields, including: 138 projects in engineering industries, 91 in food production, 90 in chemicals, 42 in textiles and 29 in construction materials,” he added.