Egypt Are Expected Tender

According to a recent report around 9972 factories received constructing and operating licences and temporary operating permits TOPs from the Industrial Development Authority IDA during the first half of the 201819 fiscal year including 9379 operating and 593 constructing licences.The report also stated that 4376 industrial facilities were registered over the same period. We are committed to boosting investments in the manufacturing sector and achieving inclusive industrial development Minister of Trade and Industry Amr Nassar said commenting on the report.Head of the IDA Magdy Ghazy pointed out that 430 projects are expected to be launched during the current period with total investments of EGP161 billion including 151 ventures in engineering industries 96 in food processing 102 in chemicals 50 in textiles and 31 in building materials.The future projects he added will be established with domestic and foreign investments that is 41 12 13 and 4 of them will be built with Arab European Asian and US investments respectively in addition to 360 ones with local capital.