The Internal Trade Development Authority (ITDA) announced the projects that were accomplished in 2018, including the establishment of a trade and logistics zones in many governorates. The ITDA has started the construction of four zones with capital value of EGP 12 to 18bn. Furthermore, the ITDA offered bids for investor in five new zones at the end of 2018, with estimated investments worth EGP 10 to 15bn. The total cost of programmes targeting the development of the supply and internal trade sector in the fiscal year (FY) 2018/19 hits EGP 130bn according to the ministry of planning. He pointed out that the contribution of the domestic trade and related sectors to the GDP during 2018 has increased to reach 18% from 17%.

Source: Daily News Egypt January 09, 2019 08:03 UTC