19 August 2019 01:43 AM

Governors' council discuss progress made in industrial investment zone gov't portal

Friday، 19 July 2019 - 10:16 AM

The governors council, under Prime Minister Mustafa Madbouli, discussed Thursday the progress made in implementing the governmental portal, designed to serve the industrial investment zones.

The move comes as part of President Abdel Fattah El Sisi’s directives to facilitate doing businesses and attract investments in the country.

Madbouli stressed that Egypt spared no effort to boost the industrial sector, easing measures of having industrial land lots through governmental portal.

The portal could ease measures of owning lands for manufacturing uses by investors whether in Egypt or abroad. Land sales yields should be transferred to the authorities concerned, whether the governorate or any other governmental agencies.

During the meeting, the attendees reviewed the portal of the industrial investment map and were briefed on its components and available investment opportunities.

Local and foreign investors will have access to the investment map with all needed data about land prices and needed documents which can be sent online.

Over 1,000 industrial plots will be available for investment as a preliminary step.

The initial cost of establishing infrastructure facilities for the industrial zones reached EGP 700 million as they include five zones in the governorates of Beheira, Beni Suef, Assiut, Qena and Aswan along with two industrial zones in Fayyoum.

MENA

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