Trade and Industry Ministry launches industrial investment map
The Trade and Industry Ministry launched its investment map of some 4,136 projectsup for grabs in eight sectors at a conference on Tuesday. Most of the projects appear to be in equipment and engineering manufacturing with 1,265 projects, followed by chemical industries with 861 projects. The map is also promoting 649 food industry projects, 605 textile projects, 395 metallurgy investments, 183 pharma plants, 122 mining-related projects, and 56 leather and tannery works. SME-sized opportunities make up a whopping 92% of all industrial projects on the map, said minister Tarek Kabil at the launch ceremony, according AMAY. Attending the ceremony was Immigration Minister Nabila Makram who stated that both ministries will form a committee to promote industrial projects to Egyptian expatriates. Meanwhile, Investment Minister Sahar Nasr said the “final touches” are being applied to her ministry’s investment map of some 600 projects. Last we had heard, the map will be ready by December and bidding on the projects will begin in January.