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IDA tenders 1272 land plots for industrial projects

IDA tenders 1272 land plots for industrial projects
The Industrial Development Authority (IDA) will tender 1,272 land plots for industrial projects starting today, for the first time since January 2011.
The land plots are located in 6th of October, 10th of Ramadan, New Cairo, Al-Obour and Al-Sherouk in Cairo along with land plots in other governorates. Around 30.0% of the land plots will be allocated for small industries and youth projects, according to a statement by the head of the IDA.
The withdrawal of applications will last for one month, after which the IDA will accept applications from 24 August to 25 September, head of the IDA Ismail Gaber said.
Following IDA approval, the investor will be asked to apply to NUCA to complete all the procedures of obtaining the land, Gaber added.
In a Saturday statement, Gaber said that the tender aims to boost investments and industrial development and also support local manufacturing through offering developed lands at different sizes.
Gaber said that 30% of these lands will be allocated for small industries and youth projects in efforts to support this sector.