Egypt Aims to Boost Industrial Development with Over 1,300 Industrial Plots Offer
The Egyptian government has launched an initiative to accelerate industrial development by offering 1,386 fully serviced industrial plots across the country.
Egypt's Ministry of Industry and Transport has announced plans to offer 1,386 fully serviced industrial plots across 23 governorates and 35 industrial zones.
The move is part of the government's efforts to accelerate industrial development and attract both local and foreign investment.
According to official sources, the offering will take place via the country's digital platform from September 1-11, spanning a total area of 6.8 million square meters.
Plot sizes range from 240 square meters to 500,000 square meters, catering to various sectors such as food processing, pharmaceuticals, chemicals, engineering, medical supplies, building materials, and textiles.
The government emphasizes the importance of local production and sustainable industrial growth, with recent developments suggesting increased confidence in the Egyptian pound.
International financial institutions have also noted that at least half of the $12.5 billion in investment pledges from countries like Qatar and Kuwait is expected to be disbursed by the end of 2025.
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir highlighted the flexibility offered by the tender, which caters to projects of different scales.
The plots are being offered at the actual cost of utilities to ease financial burdens on investors, with annual usufruct fees set at 5 percent of the ownership price per square meter.
Investors have the option to apply for two opportunities, providing greater access and flexibility.
Allocation priority will be given to applicants who previously submitted valid proposals but did not secure successful allocations in previous rounds.
The initiative is supported by various incentives, including a 50 percent discount on application study fees, removal of bid and financial guarantee charges, a reduced deposit requirement, and simplified feasibility study forms aimed at encouraging broader investor participation.
Following the submission of applications, the Industrial Development Authority will evaluate all entries and announce results within two weeks of the tender's closure.
The move is part of the government's efforts to accelerate industrial development and attract both local and foreign investment.
According to official sources, the offering will take place via the country's digital platform from September 1-11, spanning a total area of 6.8 million square meters.
Plot sizes range from 240 square meters to 500,000 square meters, catering to various sectors such as food processing, pharmaceuticals, chemicals, engineering, medical supplies, building materials, and textiles.
The government emphasizes the importance of local production and sustainable industrial growth, with recent developments suggesting increased confidence in the Egyptian pound.
International financial institutions have also noted that at least half of the $12.5 billion in investment pledges from countries like Qatar and Kuwait is expected to be disbursed by the end of 2025.
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir highlighted the flexibility offered by the tender, which caters to projects of different scales.
The plots are being offered at the actual cost of utilities to ease financial burdens on investors, with annual usufruct fees set at 5 percent of the ownership price per square meter.
Investors have the option to apply for two opportunities, providing greater access and flexibility.
Allocation priority will be given to applicants who previously submitted valid proposals but did not secure successful allocations in previous rounds.
The initiative is supported by various incentives, including a 50 percent discount on application study fees, removal of bid and financial guarantee charges, a reduced deposit requirement, and simplified feasibility study forms aimed at encouraging broader investor participation.
Following the submission of applications, the Industrial Development Authority will evaluate all entries and announce results within two weeks of the tender's closure.
