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Egypt offers 1580 acres for industrial projects

Egypt offers 1580 acres for industrial projects
Region: Egypt
Created: Sep 14, 2010, modified: Jan 13, 2012, overall rating: 0.000

 

 

 

 

Egypt, eager to nurture its manufacturing sector and increase exports, will tender 6.4 million square meters (1580 acres) of land to develop industrial projects, the state news agency MENA said on Sunday.


The projects, located in eight industrial cities including Borg al-Arab near Alexandria and Sadat City northwest of Cairo, are expected to attract total investments of LE9.6 billion, the report said.

The tender will start on 20 September, MENA added, citing the country's trade minister.

In February, Egypt said it would offer 42 million square meters of land for industrial projects.

 

Al Masry Al Youm

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