{"id":634768,"date":"2018-01-23T04:18:13","date_gmt":"2018-01-23T04:18:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/23\/ida-warns-26-1000-factories-project-investors-of-withdrawing-land-plots-over-delays\/"},"modified":"2018-01-23T04:18:13","modified_gmt":"2018-01-23T04:18:13","slug":"ida-warns-26-1000-factories-project-investors-of-withdrawing-land-plots-over-delays","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/23\/ida-warns-26-1000-factories-project-investors-of-withdrawing-land-plots-over-delays\/","title":{"rendered":"IDA warns 26 1,000 factories project investors of withdrawing land plots over delays"},"content":{"rendered":"

The Industrial Development Authority (IDA) has warned 26 investors in New Cairo\u2019s 1,000 factories projects it would withdraw their allocated land plots over delays in completing construction, the head of the Association of Investors for Small and Medium Enterprises (AISME) Hesham Kamal tells Al Borsa<\/a>. The warnings come after IDA gave the uncommitted investors two three-month ultimatums to address their delays, which they blame on the impact of the EGP float, according to Kamal.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Industrial Development Authority (IDA) has warned 26 investors in New Cairo\u2019s 1,000 factories projects it would withdraw their allocated land plots over delays in completing construction, the head of the Association of Investors for Small and Medium Enterprises (AISME) Hesham Kamal tells Al Borsa. The warnings come after IDA gave the uncommitted investors two […]<\/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":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634768","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"4a04e2ca-37ed-4b8a-9fc7-966b68504e50","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"IDA warns 26 1,000 factories project investors of withdrawing land plots over delays","related_issue":[634740],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.be9b732f-f705-43a8-be33-bece3206f940.mp3"},"yoast_head":"\nIDA warns 26 1,000 factories project investors of withdrawing land plots over delays - 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\/2018\/01\/23\/ida-warns-26-1000-factories-project-investors-of-withdrawing-land-plots-over-delays\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IDA warns 26 1,000 factories project investors of withdrawing land plots over delays\" \/>\n<meta property=\"og:description\" content=\"The Industrial Development Authority (IDA) has warned 26 investors in New Cairo\u2019s 1,000 factories projects it would withdraw their allocated land plots over delays in completing construction, the head of the Association of Investors for Small and Medium Enterprises (AISME) Hesham Kamal tells Al Borsa. The warnings come after IDA gave the uncommitted investors two […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/23\/ida-warns-26-1000-factories-project-investors-of-withdrawing-land-plots-over-delays\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-23T04:18:13+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/23\/ida-warns-26-1000-factories-project-investors-of-withdrawing-land-plots-over-delays\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/23\/ida-warns-26-1000-factories-project-investors-of-withdrawing-land-plots-over-delays\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IDA warns 26 1,000 factories project investors of withdrawing land plots over delays\",\"datePublished\":\"2018-01-23T04:18:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/23\/ida-warns-26-1000-factories-project-investors-of-withdrawing-land-plots-over-delays\/\"},\"wordCount\":84,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/23\/ida-warns-26-1000-factories-project-investors-of-withdrawing-land-plots-over-delays\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/23\/ida-warns-26-1000-factories-project-investors-of-withdrawing-land-plots-over-delays\/\",\"name\":\"IDA warns 26 1,000 factories project investors of withdrawing land plots over delays - 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The authority has reportedly withdrawn land from 600 factories investors after failing to meet several consecutive deadlines to begin construction or production, according\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627676,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/ida-to-decide-on-whether-to-begin-seizing-land-from-1000-distressed-factories\/","url_meta":{"origin":634768,"position":2},"title":"IDA to decide on whether to begin seizing land from 1,000 \u201cdistressed\u201d factories","author":"enterpriseam admin","date":"7 June 2018","format":false,"excerpt":"The Industrial Development Authority (IDA) will decide today whether to begin seizing land from 128 investors unlucky enough to be part of the 1,000 factories who are constantly crying out for help in New Cairo over delays in completing construction or beginning production, according to an IDA source. The authority\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627721,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/ida-gives-40-investors-from-1000-factories-three-month-ultimatum-to-remedy-their-situation\/","url_meta":{"origin":634768,"position":3},"title":"IDA gives 40 investors from 1,000 factories three-month ultimatum to remedy their situation","author":"enterpriseam admin","date":"10 June 2018","format":false,"excerpt":"The Industrial Development Authority (IDA) gave 40 investors from the New Cairo 1,000 factories project a three-month deadline to either begin construction or production, or risk losing their plots, sources from the authority said. The IDA had previously issued several warnings, which the investors reportedly did not heed.","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639123,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/22\/ida-revokes-600-land-plots-from-investors\/","url_meta":{"origin":634768,"position":4},"title":"IDA revokes 600 land plots from investors","author":"enterpriseam admin","date":"22 October 2017","format":false,"excerpt":"The Industrial Development Authority (IDA) has revoked 600 land plots from investors who have not broken ground on their planned projects, despite receiving the land over a year ago, an IDA source tells Youm7. The authority had issued several warnings before making a move.","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594241,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/23\/investors-in-assiut-blame-ida-for-1000-suspended-factories\/","url_meta":{"origin":634768,"position":5},"title":"Investors in Assiut blame IDA for 1,000 suspended factories","author":"enterpriseam admin","date":"23 October 2019","format":false,"excerpt":"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. 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