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IDA issues 5,752 building, operating permits to new plants in H1
25 August 2021  -  Sector :  -  Entity :  -  Category : Industry News

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The Industrial Development Authority issued 561 building permits and 5,191 operating licenses to new factories during the January-July period.

Cairo- Aug 25, 2021

According to a recent report, the Industrial Development Authority (IDA) issued, during the first half of the year, 561 building permits and 5,191 operating licenses to new factories, as well as 2,467 permanent industrial registers and 856 fixed-term ones.

The authority also conducted 4,276 studies aimed at deepening local industrialization and increasing Egyptian exports to foreign markets, namely on government tenders, customs reductions, identifying the needs of government agencies and boosting exports.

“We are committed to boosting investments in the manufacturing sector and achieving inclusive industrial development, ” Minister of Trade and Industry Nevine Gamea said commenting on the report.

She further stressed the ministry's keenness to deepen local industry by enhancing its capabilities and adopting the latest industrial technologies, in order to boost the competitiveness of Egyptian products both in the domestic and foreign markets.

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