PROJECTS: Egypt to build electronic industries complex

Will be ready in mid -2022

  
Image used for illustrative purpose. Construction machines and workers are seen in Egypt's new administrative capital, approximately 45 km (28 miles) north of Cairo, Egypt October 18, 2017.

Image used for illustrative purpose. Construction machines and workers are seen in Egypt's new administrative capital, approximately 45 km (28 miles) north of Cairo, Egypt October 18, 2017.

REUTERS/Amr Abdallah Dalsh

Egypt is planning to build a complex for electronics research and manufacturing at a cost of around 4.4 billion Egyptian pounds ($279 million), the local press reported on Thursday.

The project in the Northeastern Ismailia city belongs to the Electronics Research Institute in Cairo and will be completed in mid 2022, Addustour and other newspapers said, quoting a report by the Egyptian Planning Ministry.

The complex includes 13 buildings comprising research centres, electronics manufacturing, a marketing centre and other facilities, the report said.

It said the government has already allocated around 221 million pounds ($14 million) to start the project, the first of its kind in Egypt.

(1 US Dollar = 15.76 Egyptian Pounds)

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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