About 9,972 Egypt-based factories had received constructing and operating licenses, and temporary operating permits (TOPs), based on the latest report Minister of Trade and Industry Amr Nassar has received on the performance indicators of the Industrial Development Authority (IDA) for H1 of FY 2018/19, Invest-Gate reports.

The report mentioned that these industrial plants have obtained 9,379 operating and 593 constructing licenses, meanwhile, 4,376 industrial facilities were registered over the same period, according to a ministerial statement on February 7.

“[The trade ministry] is committed to boosting investments in the manufacturing sector and achieving inclusive industrial development,” Nassar was quoted as saying.

On his part, Head of the IDA Magdy Ghazy confirmed that 430 projects are expected to kick off during the current period, with total investments of EGP 161 bn.

Ghazy noted that the additional projects will be established via domestic and foreign investments, of which 41, 12, 13, and 4 of them will be built through Arab, European, Asian, and US investments, respectively, while the remaining 360 projects will be built with local capital.