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10 January, 2019

Egypt to develop 13 industrial complexes for small and medium enterprises sector in 2019

Work on Robiki Leather City and Damietta Furniture City in advanced stages, says trade and Industry ministry

Image used for illustrative purpose. Workers carry leather in the factory of Al Rowad Leather Tannery at El Robbiki Leather City in Badr City, east of Cairo, Egypt, August 14, 2017. Picture taken August 14, 2017.

Image used for illustrative purpose. Workers carry leather in the factory of Al Rowad Leather Tannery at El Robbiki Leather City in Badr City, east of Cairo, Egypt, August 14, 2017. Picture taken August 14, 2017.

REUTERS/Amr Abdallah Dalsh

10 January 2019
Egypt plans to develop 13 industrial complexes for Small and Medium Enterprises (SME) sector in 2019, the country's trade and industry minister said.

The 13 industrial complexes would be located across 12 governorates and house 4,317 industrial units, Amr Nassar said in a press statement issued by the ministry.

The press statement issued last week said a number of projects aimed at boosting Egypt's industrial sector would be rolled out in 2019. These include projects to manufacture components for household appliances, an industrial waste management project to stimulate the recycling industry and a national programme to promote energy-efficient motors within the industrial sector.

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The minister said Egypt's Industrial Development Authority (IDA) will develop 15 million square metres (sqm) of industrial land across Upper Egypt in 2019. The ministry will start work on first phase of a textile industry zone in Sadat City and an industrial zone in Abu Zenaima in the South Sinai governorate this year, he added.

A key achievement of 2018 was the signing of an agreement with Russia to establish an industrial zone in East Port Said over an area of 5.25 million sqm, the press statement noted. Other 2018 achievements cited by the statement included agreements signed with the private sector for developing and operating two industrial zones in Sadat City of 1.4 million sqm each, and completion of an integrated study commissioned for the 52-acre second phase of the Plastic Industries Complex in Alexandria.

Commenting on Robiki Leather City project, Nassar said construction of infrastructure and treatment plants for the second phase of the project has started.

"The transfer of remaining tanneries from Magra Al-Ayoon to the new city is underway as per plan," the minister said, adding that construction work has started for glue factories as part of the second phase.

He noted that construction of Damietta Furniture City is in the final stages with work underway to complete utility works including water, electricity and roads.

(Reporting by Eman Hamed; editing by Anoop Menon)

(anoop.menon@refinitiv.com)


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