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IDA Requests 21 Billion Pounds for Industrial Development
The Industrial Development Authority has requested approval to allocate 21 billion Egyptian pounds in the budget for the 2026/2027 fiscal year to complete the infrastructure of industrial zones, with the aim of facilitating these areas. The amount is designated for the Industrial Zones Support Fund and will be distributed over three years, targeting areas such as Koum Abu Rady and Abu Rwash. The issue has been ongoing due to a lack of support from the Ministry of Finance since 2013, with current funding coming from the Authority's surplus.
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