The Public Authority for Industrial Development recently announced the launch of the fourth phase of the electronic map for industrial investment, which includes offering new investment opportunities on plots of land in the priority industrial sectors targeted by the Ministry of Trade and Industry’s plan. The plan aims to encourage domestic and foreign investment to invest in the industrial sector within the framework of the Egyptian state’s efforts to move towards digital transformation and expand the provision of electronic services to the business community to facilitate investments. Mohamed Abdel Karim — Chairperson of the Authority — said that the fourth phase was launched in coordination and cooperation with the General Authority for Investment and Free Zones (GAFI), which represents a reactivation of the map of industrial investment opportunities within the framework of an integrated and comprehensive package of measures and facilities approved by the Industrial Development Authority to advance industrial investment and meet the growing demand on industrial lands. He pointed out that this stage includes plots of land for a total of 1,051 new industrial investment opportunities on an area of two million sqm distributed across 11 governorates nationwide. The head also indicated that an indicative list of “targeted activities” was also prepared for 86 industrial projects that were studied in cooperation with the Industry Modernisation Centre with the aim of deepening local industrialisation.
