INVESTMENT WATCH- First factory in New Alamein to open in 1Q2020: The Industrial Development Group (IDG) aims to complete the procedures of opening the first factory in New Alamein in 1Q2020, IDG Managing Director Sameh Attia said. The factory will produce building materials and is owned by an unnamed Egyptian investor. The IDG has so far received 500k sqm of a total of 2.7 mn sqm in New Alamein, which it plans to invest EGP 3 bn in developing.

Tags: