Industrial Development Authority (IDA) announced the launch of the fifth phase of the electronic map for industrial investment, with an area of ​​1.7 million meters distributed over 14 governorates.

This phase offers new investment opportunities on plots of land with full facilities in priority industrial sectors that IDA is targeting to encourage domestic and foreign industrial investment, in light of the strategy of the Ministry of Trade and Industry and to meet the increasing demands for industrial lands.

The IDA will offer 790 plots of land across 14 governorates to local and foreign investors.

Chairman of the Industrial Development Authority Mohamed Abdel Karim said that this is the second offering in less than 8 months, and the authority aims through these successive offerings to provide new and diversified investment opportunities, localize the industry, and deepen the local product to achieve integration between local and global supply chains to bridge local market gaps and support Egyptian exports.

Abdel Karim added that the process will be done electronically and investors can withdraw the brochures online, starting from August 16 until September 6, 2023.