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Tuesday, 25 June 2019

Egypt’s SMEs federation building 90-feddan small manufacturing project complex

The group of SMEs is building a 90-feddan complex for small and medium ready-made garment, food, medical supplies and engineering goods factories in the 10th of Ramadan industrial city, Yasser El Sakka said. The project can potentially cost some EGP 1 bn, which will be financed solely through the federation’s members. It will house 500 units ranging from 300 to 4k sqm in size and will be complete by the middle of 2020. Applicants, who will need to be established companies with certified feasibility studies in hand, would be required to make a 25% down payment and pay the rest over five years at a 5% “decreasing interest rate.” to own a unit. The units are expected to cost between EGP 2 mn to EGP 10 mn.

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