Investors in Assiut blame IDA for 1,000 suspended factories

Investors in Assiut are blaming the Industrial Development Authority for stalling the process of granting industrial permits to 1k factories in Upper Egypt, Assiut Investors Association Chairman Ali Hamza said, according to Al Ahram. Hamza said the IDA has placed 200 factories on a waiting list for the permits, without providing reasons for the delays in issuing the licenses.