Mubasher TV
Contact Us Advertising   العربية

Singaporean firm earmarks EGP 18bn for industrial zone in Faiyum

Singaporean firm earmarks EGP 18bn for industrial zone in Faiyum
Singaporean firm to set up EGP18bn industrial zone in Faiyum

Cairo – Mubasher: A Singaporean holding company has allocated EGP 18 billion to establish an integrated industrial zone in the Kom Oshim area of Faiyum governorate, a source at Egypt’s Ministry of Trade and Industry told Almal News.

On 19 September 2017, the ministry’s Industrial Development Authority (IDA) signed a memorandum of understanding with the Singaporean firm to set up the zone over a 33 million square metre area.

The IDA and the Singaporean firm will establish a joint company to be responsible for the new project implementation, including carrying out construction, maintenance, and project management.