EGYPT: Allocation of 12.5 million m2 for New Textile Investments in Egypt
The most recent report by the Egyptian Industrial Development Authority (IDA) of the Ministry of Trade and Industry, asserted that the areas of land allocated to new textile projects have reached 12.5 million m2, with investments of 2.9 billion USD.
Egytex News Desk
Egytex
Engineer Amr Asal (President of IDA), said that these areas included allocation of 5 million m2 in the second stage for industrial developers with investments of 5 billion Egyptian Pounds. He also added that these areas include 2 million m2 at the Polaris Industrial Zone, with investments of 600 million USD in the 6th of October City.
One million m2 was allocated to the Jordanian Investment Congregation Group of real estate development, whose investments are 300 million USD in Zezinia Zone in the 10th of Ramadan City, in addition to 160 million USD and 150,000 m2 in Greater Mahallah with investments of 42 million USD, in the framework of the program of reuse of the assets owned by the public sector companies.
Source: Al-Ahram Newspaper
From the Egytex news archive, first published on 1 June 2008. Figures and names are as reported at the time.
