Wed/March 26/2025 – 01:46 PM
Hossam Heiba, CEO of the Investment Authority, stressed that the authority is working to enhance local and foreign investments to support the Egyptian economy, and plans to add 4 new free zones in El Alamein, Burj Al Arab, Tenth of Ramadan and October 6.
He pointed to the targeting of increasing Egypt’s share of global trade through the Suez Canal to 20%, and providing new investment incentives to support the productive sectors and enhance competitiveness, stressing the pivotal role of the private sector in achieving sustainable industrial development.
The head of the commission thanked the Industrial Development Group for its pivotal role in supporting the industrial sector, stressing that the Egyptian economy is able to sustain and achieve great surpluses, and that the government plans to turn Egypt into a global industrial center and not just a regional industrial center, especially after the government succeeded in reforming the infrastructure and establishing many service and logistical projects.
This came during the field of the IDG Industrial Development Group advertisement, a pioneer in the establishment, operation, management and maintenance of advanced industrial areas and industries in Egypt, for its ambitious expansion plans during the coming period.
Innovative financial solutions to support entrepreneurs
The expansion plans included three axes: the launch and development of new industrial areas in strategic locations that include the new administrative capital, the new October, and other destinations that will be announced soon, in addition to strengthening the company’s current investments in its existing industrial areas in both October 6, the new Alamein, and East Port Said, with a total area of 24.4 million square meters, as well as providing innovative financial solutions to support entrepreneurs from small and medium companies The microscopic, to emphasize the status of the Industrial Development Group as a major catalyst for economic growth in Egypt and Africa.
Engineer Karim Sami Saad, Chairman of the Industrial Development Group, also stated: Our vision focused on contributing to the reshaping of the industrial identity for Egypt by providing the attached industrial lands, and providing integrated services and solutions to effectively support investors, as we seek to create an integrated industrial environment that facilitates all industrial goals efficiently, through the development of integrated industrial societies, providing advanced infrastructure and supporting services Which enables companies to grow and compete regionally and globally, and we believe that Egypt possesses all the ingredients that make it the ideal industrial destination in the southern Mediterranean, thanks to its strategic location, the promising opportunities it provides to investors, and through our expansion projects and plans, we aim to consolidate Egypt’s position as a regional industrial center that supports production and export and stimulates the resettlement of the industry.
Shadi William, Managing Director of the Development Group, said: We are constantly keen on developing our services and solutions to ensure contributing to supporting different industries, as we believe that small, medium and micro industries are the basis of any national economy, and we hope through these partnerships in more support and expansion, as we are also proud to enhance our cooperation with external parties to support the manufacturing sector in Egypt, in addition to providing various services to create an industrial environment Integrated encourages production, export and the localization of industry.
