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المصري اليوم
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Source: المصري اليوم
12 Hrsالمصري اليوم
Source: المصري اليوم
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The Cabinet, chaired by Mostafa Madbouly, approved a cooperation protocol among the ministries of Industry, Agriculture and Land Reclamation, Local Development, and Environment to implement the “Productive Village” initiative. The initiative aims to establish small and medium-sized industrial clusters in 1,000 villages by 2030, based on each village’s comparative advantage. The plan calls for offering 1,000 investment opportunities in 14 quarterly rounds, with around 100 to 150 opportunities per round, for non-polluting projects that create jobs and boost local production. The protocol sets out the allocation of state-owned land and buildings under annual usufruct arrangements. The General Authority for Industrial Development will issue the tenders, select investors, and oversee implementation, while the owning entity will retain legal authority over the asset and hand it over to the investor.
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