The Ministry of Industry and Trade will establish a major centre under the mandate of the Industrial Development Authority (IDA) to be responsible for issuing industrial licences in line with the new law for these licences, which is currently under consideration by the parliament, Minister Tarek Kabil announced. He said that the centre will be the heart of licence issuing, while other branches that would be established around the country will be connected to the major centre. The ministry is focusing on developing the industrial infrastructure in Egypt, Kabil added during the meeting with World Bank representatives on Monday. Nagi Hussein, the World Bank Middle East regional director, said the bank will help Egypt develop its industrial sector, adding that the Ministry of Industry and Trade is taking good steps towards development. The MP said that he will work in the parliament to approve the law owing to its advantages that would improve the industry.

Source: Daily News Egypt October 17, 2016 14:38 UTC