Trade and Industry Minister Tareq Qabil said that 201 industrial projects, with total costs of LE2.3 billion, received final approvals inside and outside the industrial zones in April. During a discussion of a report on the performance of industrial development in April, Qabil said the approvals included nine industrial sectors with 57 approvals for food projects, 46 approvals for engineering projects, 43 approvals for chemical projects, 28 approvals for spinning and weaving, three approvals for pharmaceutical projects and others. The report also tackled the expansion of industrial zones in April 2016. Ahmed abdel Razeq, head of the Industrial Development Authority, said 110 projects gained preliminary approvals compared to 101 approvals in April 2016. Contracts for areas of 18,794 meters at the industrial zones in 6th of October and 10th of Ramadan were ratified.

Source: Egypt Independent May 28, 2017 09:47 UTC