IDA: Industrial investment map to be available online in two months

CAIRO, July 15 (MENA) - The Industrial Development Authority (IDA) Chairman Magdi Ghazi said the pilot launch of the online industrial investment map will be within two months.

He said local and foreign investors will have access to the investment map with all needed data about land prices and needed documents which can be sent online.

He said over 1,000 industrial plots will be available for investment as a preliminary step.

In a statement on Monday, he said the authority put out to tender 31 square million industrial lands with its utilities in three years within the framework of the 2020 strategy of the Ministry of Trade and Industry and the IDA.

The strategy is meant to secure 60 million square meter industrial lands with utilities for investments.

The ministry will also set up 13 new industrial complexes for small and medium sized industries, he said, noting that two industrial complexes will be put out to tender soon for small investors.

He referred to laws which were enacted recently to encourage industrial investments, including facilitating industrial licenses measures.

Concerning mechanizing IDA services, he said the first two stages of mechanizing IDA services were accomplished.