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Minister of Industry plans 100 new factories
Egyptian Minister of Industry, Khaled Heshem, announced that the ministry will establish 100 new factories under a usufruct system in partnership with the private sector over the next three years, aiming to enhance industrial development and leverage the competitive advantages of various governorates. The first phase will be launched through the offering of nine sites, with a focus on simplifying licensing procedures, providing industrial land and trained labor, to expedite production start-up and ensure sustainability. Among the planned projects, there are lands in Gharbia Governorate for the linen industry. The plan relies on connecting the factories through supply chains to boost added value, with industrial activities selected according to the competitive advantage of each governorate.
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