Small businesses to get 6-month grace period on leases for new industrial units

Small businesses will be given a six-month grace period before they have to pony up for leases on units in seven new industrial complexes recently proposed by the Industrial Development Authority, Trade and Industry Minister Nevine Gamea said in a statement (pdf) yesterday. The deadline for bidding for units has also been extended by two weeks and will now end on 12 December, she added.