24 Hrs
Source:
الموجز
Source: الموجز
24 Hrsالموجز
Source: الموجز
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The General Authority for Industrial Development has announced the allocation of over 300,000 square meters of industrial land through a lease-to-own system, distributed across eight Egyptian governorates. This initiative aims to support industrial investments and facilitate the start-up of projects. The offering includes important areas such as Borg El Arab, New Cairo, 10th of Ramadan, 6th of October, and others, thereby enhancing opportunities for industrial expansion in sectors such as engineering, pharmaceuticals, food, and chemicals. The lease system allows investors to incur lower initial costs and transition to ownership after demonstrating seriousness and fulfilling the necessary conditions. A schedule is set to complete project implementation within 24 months. This move responds to the state's approach to empower the private sector and achieve sustainable industrial development.
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