Egypt’s ITDA to start building EGP 2 bn logistics zone in Qena next week

The Supply Ministry’s Internal Trade Development Authority (ITDA) is expected to break ground next week on a EGP 2 bn commercial and logistics zone in Qena, ITDA boss Ibrahim El Ashmawy said told Al Mal. The early phase of the zone will be developed by the United Company of Pharmacists, he said, without providing further details. We noted earlier this year that the zone will be the first in Upper Egypt, and is expected to be completed in three years.