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IDA grants licences for 150 projects at EGP 2.2bn in September

IDA grants licences for 150 projects at EGP 2.2bn in September
The new projects were distributed over eight different industrial sectors- (Photo credit: Arabianeye - Reuters)

Cairo – Mubasher: Egypt's Ministry of industry announced that Egyptian Industrial Development Authority (IDA) granted licences for 150 new projects with investment cost of EGP 2.2 billion ($2.2 billion) in September.

IDA granted licences to 189 projects at an investment value of EGP 2.3 billion in September 2015, according to the authority's statement.

The new projects were distributed over eight different industrial sectors for 20 governorates.

Moreover, 64 investors gained expansion approvals for their industrial institutions with an investment cost of EGP 2 billion in September 2016, compared to 51 investors at a value of EGP 3 billion in September 2015.