Egypt’s IDA to offer investors 280k sqm of industrial land in Hurghada by the end of July

The Industrial Development Authority (IDA) will tender next month 280k sqm of industrial land plots in Hurghada, said Salah El Gamal, investment director at the Red Sea governorate. The plots will be allowed to accommodate all but environmentally damaging industrial activities, El Gamal said. The number of land plots on offer is yet to be decided.