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Responding to investors’ requests: Industrial Development decides to extend the withdrawal of reservation terms of 456 industrial plots on the industrial investment map until March 7 and to continue receiving reservation requests until March 28. And moving and booking entirely electronic
To make it easier for investors: abolishing the financial condition to cover the balance of bank accounts as a percentage of (10%) of the project costs
Due to the high number of requests from industrial investors and entrepreneurs to extend the application period and submission of applications for the reservation of 456 enclosed industrial plots announced by the General Industrial Development Authority under the sixth phase of the electronic map of industrial investment in 10 provinces, it has been decided to extend the period for the withdrawal of terms electronically on the proposed plots until 6 March Coming instead of February 22, reservation requests continue until March 28 to allow more time to browse investment opportunities available electronically.
The General Authority for Industrial Development, headed by Dr. Nahid Youssef, has confirmed the continued receiving of reservation requests from industrial investors, who have withdrawn terms from the beginning of the proposal until March 28 instead of March 14 on the proposed lands, with a total area of almost one million m2, for allocation of ownership systems or right to use And with great facilities for investors.
The head of the body announced that in light of M’s directions. Ahmed Samir, Minister of Trade and Supportive Industry, in order to achieve more ease for the investors, the financial condition of covering the bank account balance of applicants on industrial lands a percentage (10%) of the total costs of the project proposed to be established as a condition of seriousness and sufficiency that credit movements cover 50% of the land price.
This and the authority renews its invitation to serious industrial investors to speed up the proposed lands and the promising investment opportunities announced by the authority via its website.
It is mentioned that the withdrawal of seats and land reservations are done entirely electronically (online) via the authority’s website http://www.ida.gov.eg then selecting (Industrial Investment Map).
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Translated from Arabic