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Wednesday, 8 June 2016

Industrial Development Authority looking for EGP 1 bn financing for 4,000 feddan infrastructure project

The Trade and Industry Ministry is seeking EGP 1 bn in financing to fund utilities infrastructure for the 4,000 feddan Abu Zinema industrial zone in Sinai, ministry sources tell Amwal Al Ghad. Industry and Trade Minister Tarek Kabil had previously stated that the ministry plans to increase its fund for industrial utilities development to EGP 1.4 bn in the FY 2016-17 fiscal year, from EGP 400 mn. The zone will reportedly focus on mining.

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