Head of New Fayoum City Authority Ashraf Abdulrahman has announced the launch of a 50-acre new industrial zone project, east of New Fayoum’s residential district, on the Western Desert Road, Invest-Gate reports.
The new industrial zone is located within an integrated area that covers 1,800 acres, which is an urban extension and a fully-fledged industrial city, Abdulrahman said in a ministerial statement on February 4.
According to the official, the development will open new horizons for job opportunities, besides contributing to increasing investment inflows into the new city.
Located in Fayoum Govornarte’s Howara area, New Fayoum is considered one of the fourth generation cities to be established by the Egyptian government, pursuant to Presidential Decree No. 193 of 2000.
It is set to encompass varying services and facilities, including educational, leisure, and transportation projects.