About 4,500 Factories Under Construction in Alexandria, Red Sea: Official

About 4,500 Factories Under Construction in Alexandria, Red Sea: Official

Egypt’s Cabinet Spokesman Nader Saad said 13 industrial complexes, with approximately 4,500 factories, are currently under construction in Alexandria and the Red Sea governorates, Invest-Gate reports.

This came during a meeting held on May 7, headed by Prime Minister Mostafa Madbouly, to follow up on the status of the delivery of necessary facilities to the industrial complexes, in the presence of Minister of Planning Hala El Saeed and Ministry of Trade and Industry Amr Nassar, according to an official statement.

Saad noted that Madbouly assigned the Industrial Development Authority (IDA) to provide the necessary funding to supply the complexes with the facilities, while urging to speed up work on-site to finalize the implementation process as scheduled.

The prime minister also called for coordination among all concerned parties, as well as the Armed Forces Engineering Authority, to hasten the installation of facilities at the industrial complexes in order to be ready to be offered to their beneficiaries, the official underlined.

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