{"id":659069,"date":"2025-01-21T00:00:00","date_gmt":"2025-01-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/21\/idg-to-invest-egp-3-bn-developing-its-zones-this-year\/"},"modified":"2025-01-21T00:00:00","modified_gmt":"2025-01-21T00:00:00","slug":"idg-to-invest-egp-3-bn-developing-its-zones-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/21\/idg-to-invest-egp-3-bn-developing-its-zones-this-year\/","title":{"rendered":"IDG to invest EGP 3 bn developing its zones this year"},"content":{"rendered":"

What can we expect from IDG this year? <\/strong>Samcrete Holding\u2019s industrial arm, Industrial Development Group (IDG), plans to invest EGP 3 bn to develop its industrial zones this year, Managing Director Shady William said during a presser attended by EnterpriseAM earlier this week. <\/p>\n

What zones? <\/strong>IDG currently owns three industrial zones \u2014 its 6 of October industrial park, dubbed e\u00b2 October<\/a>, its New Alamein zone, dubbed e\u00b2 Alamein<\/a>, and its East Port Said development<\/a>, dubbed eP<\/a>. <\/p>\n

Development timeline:<\/strong> The company plans to finish developing its Sixth of October and New Alamein zones within 3-5 years, William said, explaining that work on the East Port Said development will take between 10-15 years. <\/p>\n

A New October zone? <\/strong>The developer secured a plot in New October City back in 2023 from the New Urban Communities Authority and is currently in the process of finalizing its acquisition of the land.<\/span><\/p>\n

Fresh industrial partnerships are in the cards for IDG:<\/strong> The group is currently looking into a number of strategic partnerships across various sectors \u2014 it plans to enter 3-4 partnerships with foreign investors throughout 2025, William said. He highlighted the automotive and pharma sectors as key areas of cooperation. <\/p>\n

In line with our auto ambitions: <\/strong>IDG is also exploring opportunities with specialized automotive companies to set up auto feeding industries in its zones \u2014 a move that would be very welcome as it falls in line with our automotive localization push. <\/p>\n

Going regional?<\/strong> IDG is exploring the idea of stepping into other African markets through setting up integrated industrial zones there, WIlliam said, noting that the Egyptian market remains the most attractive to investors. <\/p>\n

Navigating high-interest-rate headwinds:<\/strong> High borrowing costs have put pressure on IDG\u2019s investment plans, but it is still committed to abiding by timelines agreed upon with the state, William noted. The company is mitigating the impact by prioritizing projects and optimizing cost management, ensuring it stays on course with its development goals.<\/p>\n","protected":false},"excerpt":{"rendered":"

IDH currently owns three industrial zones<\/p>\n","protected":false},"author":1,"featured_media":659070,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7272],"tags":[72,2764,7111,125,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-659069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-industrial-development-group","tag-infrastructure","tag-investment-watch","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"5e9a13c9-939c-4cba-b2a7-84ae2adae5a5","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/2415.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Industrial Development Group to invest EGP 3 bn developing its zones this year","related_issue":[659064],"teaser":"IDH currently owns three industrial zones","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.d237605a-c795-4770-926e-8a16890de30c.mp3"},"yoast_head":"\nIDG to invest EGP 3 bn developing its zones this year - 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The park pitches tenants on the benefits of \u201cmultiple trade agreements, including COMESA, GAFTA, Egyptian-European partnership, and others.\u201d The 2.7 sqkm park will\u2026","rel":"","context":"In "Speed Round"","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":659034,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/20\/trump-team-readies-executive-orders-as-inauguration-day-arrives\/","url_meta":{"origin":659069,"position":4},"title":"Trump team readies executive orders as inauguration day arrives","author":"enterpriseam admin","date":"20 January 2025","format":false,"excerpt":"Good afternoon from the gorgeous (and beautifully chill) city of Muscat, where some of us are in town for the official launch of Mashreq in Oman.It\u2019s a homecoming of sorts for our friends at Mashreq, who are our partners here at EnterprisePM and for our EnterpriseAM UAE edition: Mashreq started\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1351.JPG?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":663097,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/27\/idg-plans-to-set-up-new-industrial-zone-in-new-capital-new-october\/","url_meta":{"origin":659069,"position":5},"title":"IDG plans to set up new industrial zone in new capital, New October","author":"enterpriseam admin","date":"27 March 2025","format":false,"excerpt":"PLUS- Petrojet to build factories in Algeria, Saudi Arabia","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/2237.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/659069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=659069"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/659069\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/659064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/659070"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=659069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=659069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=659069"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=659069"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=659069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}