Wed/March 26/2025 – 10:07 AM
The team, the engineer of Kamel Al -Wazir, Deputy Prime Minister for Industrial Development, and Minister of Industry and Transport, held a meeting with the delegation of the Chinese Daily Group specializing in the tools and equipment industry headed by Huang Cheng -J, General Manager of the company.
Review the establishment of a huge industrial complex in the industrial zone
During the meeting, the group’s plan was reviewed to establish a huge industrial complex in the industrial zone in the tenth of Ramadan City on an area of 160 thousand meters with investments of about 200 million dollars and provides about 2200 new job opportunities, similar to the company’s factories in China and a number of countries that produce more than 12 thousand products in the fields of office and school tools, printing machines, sports tools, number, hand and electrical equipment and office furniture, where the group is considered one of the largest brands in China in China Manufacture these products.
The minister stressed during the meeting that Egypt is open to industrial cooperation with all serious foreign companies and that the Ministry of Industry is keen to provide all aspects of support to the company to quickly establish its project and start production to meet the needs of the Egyptian market and export abroad, by facilitating the procedures for allocating the land and extracting the industrial licenses necessary to start production, stressing that all industrial facilities until the Earth’s head of the company will be completed in conjunction with the completion of the construction of the complex Industrial.
During the meeting, it was agreed on the initial schedule in which the company will receive, design the industrial land and finish the construction, as the minister directed the company to adhere to the time plan established to finish the construction and start the productive process.
The minister pointed out that the industrial zone in the tenth of Ramadan City is one of the most important industrial areas in Egypt in terms of the site, as it is linked to several main roads such as the Genifa Road, which connects to Cairo in Suez, in addition to the region’s proximity to the dry port and the logistical area in the tenth of Ramadan City, which represents a great competitive advantage, whether to supply the company’s products to the local market or export to foreign markets.
The company’s officials praised the investment climate in Egypt and the recently approved measures, including the decisions taken by the Deputy Prime Minister for Industrial Development and the Minister of Industry and Transport regarding the Unified Committee for Inspection on factories and facilities and various incentives and the speed of completion of works as well as the decision to prohibit any action to act, sell, assign or edit an agency on industrial land For industrial development, according to the requirements, the allocated to the land is required to pay the full price of the land and prove the seriousness on it by extracting the operating license and the industrial registry and the start of actual operation for a period of not less than 3 years before proceeding to dispose of the land, stressing that this decision contributed to ensuring the arrival of industrial lands to those who are entitled to serious investors and restrict the intermediaries and land brokers.
