1950 investors are scrambling to bid for the Textile City
More than 1950 investors are bidding to buy lands at Badr City‘s Textile City which was as they submitted applications with the industrial development authority to buy specifications and requirements of the bid that was announced back in mid-October.
Egytex News Desk
Egytex
More than 1950 investors are bidding to buy lands at Badr City‘s Textile City which was as they submitted applications with the Industrial Development Authority to buy specifications and requirements of the bid that was announced back in mid-October.
To meet surging demands from bidders, IDA decided to give a two-day extension for giving out specifications and requirements. Additionally, it decided to extend deadline for receiving land allocations requests to next Thursday instead of Tuesday.
To the extent of exceeding demand recorded for lands offered for investors in Upper Egypt’s industrial zones, proximity of Badr City to the New Administrative Capital is fueling the rising demand expected today and tomorrow, according to informed sources.
Badr City‘s second Textile City will be built over 1 million sqm with 198 plots being allocated for weaving and spinning, in addition to ready-made garments and dyeing.
Source: AlmalNews.com
From the Egytex news archive, first published on 5 November 2017. Figures and names are as reported at the time.
