Egypt to introduce new industrial land system
Egyptian Minister of Industry, Khaled Heshmat, announced the imminent launch of a new land allocation system for industrial zones, which will include facilitation measures for small projects, aiming to reduce procedural burdens and stimulate investment in the industrial sector. The program also involves offering ready-made industrial units, directing funding initiatives to support supplier industries, and launching an investment fund for industrial projects with citizen participation. He also emphasized the development of vocational education programs that align technical school graduates with labor market needs, targeting increased European investments in the automobile industry. Additionally, efforts will be made to promote local development initiatives through the "producing villages" project and achieve industrial sustainability by promoting solar energy use and resource conservation.
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