Prime Minister tours IDG Investment Zones in The 6 th of October City

Prime Minister tours IDG Investment Zones in The 6 th of October City

Madbouly: Directives from the President to support and develop the industrial sector, as it is one of the most important sectors achieving economic growth Prime Minister Dr. Mostafa Madbouly toured, today, a number of factories and companies established in the investment zone of the Industrial Development Group (IDG) in The 6 th of October City, to attend the start-up of new lines in such factories and companies.

He was accompanied by Ms. Nevin Jameh, Minister of Trade and Industry, Mr. Ahmed Rashid, Governor of Giza, and Counselor Mohamed Abdel Wahab, CEO of the General Authority accompanied him for Investment and Free Zones (GAFI).

 Mostafa Madbouly stressed the continuation of all concerned state agencies to provide various facilities that would attract investors to pump new investments, whether to establish factories or new companies or implement expansion plans for already existing projects. 

In this regard, he referred to the continuous directives of the President of the Republic, Mr. Abdel Fattah Al-Sisi, regarding the support and development of the industrial sector, as it is one of the most important sectors achieving economic growth, and in a way that contributes to supporting the State’s efforts to localize a number of industries, and implement the strategy of deepening the local component in many industries. 

Dr. Mostafa Madbouly started the tour by visiting IDG.

 Engineer Karim Sami Saad, Chairman of the Board of Directors of IDG, greeted him and gave a detailed presentation about IDG vision to develop a number of industrial areas in The 6 th of October City, East Port Said Economic Zone, New Alamein City, and the new 6th of October City. Moreover, he reviewed the advantages offered by each of these industrial zones as well as the industries existing there, which vary based on their geographical location. 

Meanwhile, Engineer Karim Sami Saad explained IDG stages of development, pointing out that it had started its activity since 2008, and that IDG developed about 22 million m2 in various regions, including 192 investors, between 81 already existing factories and about 28 factories under construction. Engineer Karim Sami Saad added that IDG works mainly on consolidating the principle of integrated sustainable industrial development, which is a new concept that differs from just developing lands and offering them for industrial exploitation by various companies.

In addition, he pointed out that this allows the localization and deepening of many industries, such as the railroad cars and automobile industries, in addition to enhancing the feeding industries, developing the value chain between manufacturers and suppliers and realizing integration between them.

 The aforementioned is in line with the State’s general orientation and political leadership regarding the social and economic development support and “Egypt Vision 2030”. Moreover, he noted that the industrial complexes are equipped with a range of integrated services from integrative activities and services, including the National Academy for Science and Skills (NASS), which provides professional and technical training services and transfers knowledge of superior quality to workers in projects existing inside and outside the complexes.

 The services and activities also include the presence of a group of banks and related services. In addition to the presence of a 24-hour emergency medical center, meeting and conference rooms, and various services to rationalize investors expenditures, as well as a bus transportation network, recreational facilities, and a firefighting team. 

Engineer Karim Sami Saad also addressed a number of enabling factors to attract industrial investors, as well as their encountered problems to expand their activities. In this regard, the Prime Minister directed the preparation of an integrated study on such obstacles, to work quickly on solving and overcoming them.​





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