1 Day
Source:
بوابة أخبار اليوم
Cabinet Media Center on Upper Egypt Industry Efforts
The article focused on the state's efforts to promote industrial development in Upper Egypt by providing infrastructure and investment incentives to attract both local and foreign investments. The Upper Egypt Development Authority was established in 2018, with 43 projects completed and ongoing work on an additional 20 projects. The national assets attracting investment include 10 ready industrial complexes, several strategic ports, and a qualified human workforce through five technological universities. Among the incentives offered to investors are a 50% tax discount, land contracts at reduced prices or usufruct systems with exemptions of up to 10 years, in addition to financial support and streamlined licensing procedures. These efforts have yielded positive results, with the unemployment rate in Upper Egypt decreasing to 4.6% in 2025 from 12.3% in 2014, and the hosting of global industrial projects with investments exceeding $700 million, such as the Samsung complex, along with Japanese and American manufacturing facilities.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)