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Gamea visits industrial zones in Qena
7 August 2021  -  Organization :  -  Sector/Entity :  -  Category : Industry News

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The visit included three factories in the Qift industrial area and an SME complex for engineering industries in the Hu industrial zone.

Qena- Aug 7, 2021

Minister of Trade and Industry Nevine Gamea has  conducted an inspection visit of the industrial zones in Qena, accompanied by Mohamed al-Zalat, head of the Industrial Development Authority, and Mohamed Abdel Karim, CEO of the Industrial Modernization Center, in addition to officials from the Micro, Small and Medium Enterprise Development Agency (MSMEDA).

The visit included three factories in the Qift industrial area, operating in the fields of iron rolling, oxygen filling and solar cells and heaters; as well as an SME complex for engineering industries in the Hu industrial zone, housing 420 units ready for allocation soon.

“Achieving comprehensive sustainable industrial development in the governorates of Upper Egypt is a top priority during the current period,” Gamea said, noting that the ministry seeks, in coordination with all state agencies, to develop the industrial zones in Upper Egypt and benefit from the economic and natural potential there.

The minister added that the infrastructure of four industrial zones in Qena and Sohag is being developed, within the Upper Egypt Local Development Program (UELDP), which targets six industrial areas, four in Sohag and two in Qena (Qift and Hu) with a financing of up to $500 million by the World Bank.

She further stressed the ministry's keenness to attract new domestic and foreign investments in the manufacturing sector, especially industries with high added value and technological component, which would increase the competitiveness of Egyptian products on local and foreign markets.

The minister also held an extensive meeting with the governorate investors, to discuss the challenges facing them, as well as the key measures taken by the ministry's agencies to help them overcome some of these challenges.

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