Prime Highlights:
- Egypt launches its 11th industrial land tender, offering 1,386 serviced plots across 23 governorates to attract both local and foreign investors.
- The initiative aims to boost sustainable industrial growth while creating a more flexible and transparent investment environment.
Key Facts:
- A total of 6.8 million sq. meters of industrial land is available, with plot sizes ranging from 240 to 500,000 sq. meters to suit businesses of all scales.
- Investors benefit from major incentives, including a 50% discount on study fees, reduced deposits, and simplified procedures, making it easier to start projects.
Key Background:
Egypt is taking a major step to accelerate industrial development and attract investment by offering 1,386 fully serviced industrial plots across 23 governorates and 35 industrial zones. The plots, totaling 6.8 million square meters, are part of the government’s 11th industrial land tender and will be available through the country’s digital platform from September 1 to 11, according to the Ministry of Industry and Transport.
This program is subsidizing many industries, such as food, pharmaceuticals, chemicals, engineering, building materials, medical supplies, and textiles. Plot sizes range between 240 and 500,000 square meters, which suit small, medium, and large projects.
Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, said the offering gives investors flexible options and creates a transparent and attractive environment for industrial growth in Egypt.
Investors can apply for two options, one primary and one alternative. Priority will be given to those who applied previously but were unsuccessful. The plots are being put at the real price of utilities, and the yearly fee is being put at 5% of the ownership amount per square meter so that it becomes affordable.
The tender also includes several incentives, such as half the cost of the application study, no bidding or financial guarantee fees, and a smaller deposit of 10 percent of the land value.
The Industrial Development Authority is going to thoroughly review all the applications and communicate the outcomes no later than two weeks after the closure of the tender. It is a step that highlights Egypt’s ongoing concentration on the manufacturing sector and the economic rise.
