The Industrial Development Authority (IDA) is gearing up to establish seven new industrial zones in Upper Egypt, Six October City, and 10th of Ramadan City, chief Ahmed Abdelrazek said on Tuesday, Al Borsa reports. The areas are expected to house around 200 factories operating in a wide variety of industry and will also cater to SMEs.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…