Prime Minister Moustafa Madbouly has called on the government to speed up industrial land allocation to investors, and to offer “as many industrial land plots as possible,” according to a cabinet statement. Madbouly also stressed finalizing ongoing land allocation procedures and completing a map of designated industrial zones as priorities. This is part of a strategy to promote and develop industrial activity across the country.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
Why EGX stocks are going under the IPO wave
Fund managers are releasing liquidity for ongoing and future IPOs,…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…