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Monday, 1 August 2016

Industrial Development Authority to issue 350 feddans for SME projects in Port Said

The Industrial Development Authority (IDA) is set to issue 350 feddans of infrastructure-ready land for SME projects in Port Said, IDA head Ismail Gaber told Al Shorouk. Registration for the 100-feddan first phase opens on 1 August, he added. The projects are set to be in the food, engineering, textile and weaving and chemical sectors. The remaining land plots will be used for an integrated industrial complex for smaller investors. Only 25% of the land’s price will be paid upfront, said Gaber, while the rest is slated for installments over five years with a two-year grace period.

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