Egypt will invest $12mln to finalise industrial complexes
Amr Nassar, Egyptian trade minister, stated that the government would allocate EGP 200 million to install utilities required for the planned industrial complexes.
The minister added that the finance required for the industrial complexes in the governorated of Alexandria, Hurghada, and the Red Sea will be transferred by the government.
Nassar noted that on top of the priorities of President Abdul Fattah El-Sisi is the development of the industrial sector in Egypt. In addition, Nassar added that his ministry would conduct a continuous follow-up the connection of utilities to the industrial complexes and the bidding and promotion plans.
Fulya Altunyay/[email protected]