Back to the complete issue
Wednesday, 1 November 2017

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.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.