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Egypt offers 43 factories for investors within 3rd phase of Robbiki Leather City

During the inauguration, 43 ready-to-operate factories were announced, with unprecedented payment facilities for investors. This is within third phase of Robbiki Leather City which includes 100 factory

By: Business Today Staff

Mon, Dec. 9, 2024

Prime Minister, Mostafa Madbouly, accompanied by Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, to celebrate the first offering of fully equipped factories to investors in Robbiki Leather City.

During the inauguration, 43 ready-to-operate factories were announced, with unprecedented payment facilities for investors. This is within third phase of Robbiki Leather City which includes 100 factory

Madbouly described Robbiki Leather City as a major hub for the leather industry in Egypt, recognizing the extensive efforts to bring this city to fruition.

He emphasized the state's ongoing efforts to localize industries, develop specialized technological sectors, and strengthen small and medium enterprises to enhance their competitiveness.

Al- described Robbiki Leather City as the first specialized leather industry city in the Middle East and Africa, designed to position Egypt as a regional hub for leather manufacturing.

 The city boasts state-of-the-art facilities, advanced infrastructure, and integrated services, including marketing, training, and cutting-edge safety systems.

El-Wazir also noted the city’s efficient internal and external road networks and the ongoing construction of a 63-km railway connecting Robbiki to major logistics zones and the dry port in 10th of Ramadan City. Subsidized public transport options have also been introduced to facilitate worker commutes.

The newly offered 43 factories feature varying sizes—20 factories at 2,000 sqm, six at 1,000 sqm, and 17 smaller units at 121 sqm—with flexible configurations to suit investors’ production needs.

To support investors, payment terms include an initial 25% down payment, a 12-month grace period, and installment plans over five years at a 10% annual interest rate, allowing investors to allocate funds for equipment and production lines during the first year.