{"id":599696,"date":"2019-01-08T05:09:49","date_gmt":"2019-01-08T05:09:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/08\/regs-for-ida-autonomy-ready-by-month-end\/"},"modified":"2019-01-08T05:09:49","modified_gmt":"2019-01-08T05:09:49","slug":"regs-for-ida-autonomy-ready-by-month-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/08\/regs-for-ida-autonomy-ready-by-month-end\/","title":{"rendered":"Regs for IDA autonomy ready by month-end"},"content":{"rendered":"<p><b>LEGISLATION WATCH- Regs for granting IDA independence from Trade Ministry ready by month-end: <\/b>The Industrial Development Authority is planning to finalize by the end of this month the draft executive regulations for <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/16\/house-passes-procurement-act-and-law-granting-industrial-development-authority-full-autonomy-from-trade-ministry-shopping-centers-act-gets-nod-in-committee\/\">recently passed legislation<\/a> granting the authority operational autonomy, a source from the IDA told Amwal Al Ghad. The legislation will make the IDA independent from the ministry, able to allocate land to industrial investors and award industrial permits and licenses. It will also establish a fund to promote industrial activity, for which the IDA will be responsible.<\/p>\n<p><b>INVESTMENT WATCH- The authority targets EGP 30-40 bn of new investments: <\/b>This comes as the IDA targets between EGP 30-40 bn in fresh investments throughout 2019. \u201cWe are looking to tender 15 mn sqm of land to willing investors,\u201d a source told the local newspaper, adding that 3 mn sqm will be offered under the industrial development framework. The tender pipeline includes 6 mn sqm in Sadat City, 4 mn in Borg El Arab and 5 mn across Upper Egypt. The authority is also planning to complete 13 industrial complexes for small and medium textile, food, chemicals and engineering projects in 2019. Tenders for four of the complexes \u2014 located in Alexandria, the Red Sea, Aswan and Beni Suef \u2014 will be launched in 1H2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEGISLATION WATCH- Regs for granting IDA independence from Trade Ministry ready by month-end: The Industrial Development Authority is planning to finalize by the end of this month the draft executive regulations for recently passed legislation granting the authority operational autonomy, a source from the IDA told Amwal Al Ghad. The legislation will make the IDA [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[11309,72,276,274,884,2380,766,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599696","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-capital-market","tag-enterpriseam","tag-finance-ministry","tag-house-of-representatives","tag-income-tax-act","tag-speed-round","tag-stamp-tax","tag-tax","wpautop","entry"],"acf":{"mongo_id":"e5b89670-64b0-4331-8691-dc369e769734","is_powered_by":true,"section_story_id":"61137b8b-f3f9-4fc5-92a7-8071a9f6912f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599679],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Regs for IDA autonomy ready by month-end - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/08\/regs-for-ida-autonomy-ready-by-month-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regs for IDA autonomy ready by month-end\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- Regs for granting IDA independence from Trade Ministry ready by month-end: The Industrial Development Authority is planning to finalize by the end of this month the draft executive regulations for recently passed legislation granting the authority operational autonomy, a source from the IDA told Amwal Al Ghad. 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The law grants the agency financial and administrative independence\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628891,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/house-passes-procurement-act-and-law-granting-industrial-development-authority-full-autonomy-from-trade-ministry-shopping-centers-act-gets-nod-in-committee\/","url_meta":{"origin":599696,"position":1},"title":"House passes procurement act and law granting Industrial Development Authority full autonomy from trade ministry; shopping centers act gets nod in committee","author":"enterpriseam admin","date":"16 May 2018","format":false,"excerpt":"LEGISLATION WATCH- House passes law granting IDA autonomy from Trade and Industry Ministry: The House of Representatives gave its final nod yesterday to legislation that gives the Industrial Development Authority (IDA) autonomy from the Trade and Industry Ministry, according to a ministry statement. MPs had signed off on the act\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628084,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/el-sisi-signs-into-law-acts-on-ride-hailing-apps-ida-powers-and-autonomy-financing-for-low-income-housing-food-carts\/","url_meta":{"origin":599696,"position":2},"title":"El Sisi signs into law acts on ride hailing apps, IDA powers and autonomy, financing for low-income housing, food carts","author":"enterpriseam admin","date":"25 June 2018","format":false,"excerpt":"LEGISLATION WATCH- And speaking of the Ride-Hailing Act: President Abdel Fattah El Sisi has signed it into law, Youm7 reports. 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