According to an official government statement, the approved projects include a PVC manufacturing facility in the industrial zone of New Alamein City, which will be backed by an investment of $108 million.
The Ministerial Committee for Industrial Development has approved the establishment of 3 new projects under the Special Free Zone system, with a total investment of $216.5 million.
These projects span the manufacturing of PVC panels and flooring, ready-made garments, and textiles.
According to an official government statement, the approved projects include a PVC manufacturing facility in the industrial zone of New Alamein City, which will be backed by an investment of $108 million.
Another project will be a ready-made garment factory in the medium industries zone of New Beni Suef City, with an investment of $30 million.
Additionally, a textile manufacturing plant will be established in 10th of Ramadan City, Sharqia Governorate, with an investment of $78.5 million.
Kamel El-Wazir, the Minister of Industry and Transport, confirmed that the Ministerial Committee for Industrial Development remains committed to reviewing all applications for industrial projects under the Special Free Zone system or to issue Golden Licenses.
Moreover, he highlighted the importance of activating the one-stop-shop system within the Industrial Development Authority (IDA), as it is the only authorized entity to issue industrial licenses.
This move will streamline the processes and prevent overlap in responsibilities between different entities dealing with land allocation, licenses, and project approvals.
El-Wazir further explained that the first project introduces a new industry to the Egyptian market that will serve the local demand. The project will be established in New Alamein, a promising region for various economic activities.
The ready-made garment and textile projects are considered strategic for the Egyptian government as they are labor-intensive, energy-efficient, and benefit from Egypt’s competitive edge, such as the availability of skilled labor and industrial experience.
The government is also focusing on boosting investments in industrial zones in governorates like Beni Suef, Minya, and Fayoum, known for their skilled workforce.
To support this, the Ministry of Industry has launched two integrated textile cities: one in Wadi El-Saririya in Minya and another in the northern industrial zone of Fayoum. These cities aim to accommodate labor demand and meet the needs of both local markets and exports.
In line with the country’s efforts to transition to a greener economy and increase reliance on clean transportation, a meeting of the Economic Group discussed several aspects of the electric vehicle (EV) sector.
One key focus was the development of new incentive packages, including the installation of electric vehicle charging stations across various governorates to serve both citizens and investors, as well as to promote the adoption of EVs.
Additionally, studies are underway to evaluate the electricity consumption of high-usage EV categories, preparing for the establishment of a fair and structured pricing mechanism for charging services.
The group also approved the adoption of European standards as the main requirement for EVs that can be imported or produced locally.
Furthermore, the minister directed coordination between the Ministries of Finance and Investment, along with their respective agencies, to set clear rules for the import of EVs, including the introduction of a new customs policy that ensures fairness and protects local industries from uncontrolled practices.
