The Industrial Development Authority (IDA) signed on Thursday contracts with Polaris Al Zamil and SDM to develop two 1.4 mn sqm industrial zones in Sadat City at an initial investment cost of EGP 500 mn, according to a Trade and Industry Ministry statement (pdf). Initial designs will be complete in three months’ time, while infrastructure and development work will take two years, group Deputy Manager Bassil Shuara tells Al Masry Al Youm.

Tags: