August 8, 2021

World Bank finances development of 6 industrial zones in Qena, Sohag with $500m

Egypt to establish SMEs complex in Qena, says Trade and Industry Minister

Egypt’s Minister of Trade and Industry, Nevine Gamea, has said that infrastructure rehabilitation and development projects at six industrial zones in Qena and Sohag governorates are underway, with a total finance of $500m provided by the World Bank.

She added that the projects come in the framework of the local development programme for Upper Egypt, which targets four areas in Sohag and two areas in Qena, noting that the programme aims to develop basic public services in these areas to serve specialized industrial clusters.

The Minister stressed that achieving comprehensive sustainable industrial development in Upper Egypt tops the priorities of the ministry’s work plan during the current stage.

This came during Gamea’s visit to Qena and Luxor to inspect the progress of developing industrial zones in the two governorates.

Gamea explained that the visit to the two industrial zones in Qena aims to follow up on the implementation of the infrastructure networks, including water, sewage, fire detection, electricity, gas, and communications.

She also inspected the small and medium industries complex in the “Hu” industrial area, which has been completed, and includes 420 industrial units, including 322 units with an area of ​​216 square metres per unit, 86 units with an area of ​​432 sqm, and 12 units with an area of ​​540 sqn. This complex is entirely dedicated to engineering activities, and during the coming stage the complex will be presented to investors to start the process of privatization and start production.

Mohamed Al-Zalat, head of the Industrial Development Authority, stressed the authority’s keenness to continuously monitor the progress of business in industrial complexes in all governorates of the Republic in order to achieve a suitable work environment for investors in the industrial areas and to overcome any obstacles they may face, especially small industrial investors and entrepreneurs, and support them.


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