All you need to know about industrial complexes in El-Raswa

CAIRO - 26 November 2019: President Abdel Fatah al-Sisi inaugurated on Tuesday small and medium-sized industrial complexes in El-Raswa, south Port Said during his visit to inaugurate a several national projects in Port Said and North Sinai.

These projects set a new record in the file of the giant national projects that the state has been working on recently in the comprehensive development plan 2030.

The Small Industries Complex in El-Raswa includes 118 factories with a total area of ​​181,000 square meters.

​​South Raswa industrial area spans over 43 acres; the government has completed the implementation of 118 new industrial units, where the small investor does not pay the full value of the factory, but pays only 25 percent and the rest of the amount is paid in installments through banks.

In March 2017, President Sisi instructed the government to establish factories for small investors, especially young people, with large banking facilities, in several governorates of Egypt, including Port Said.

The establishment of small and medium industrial complexes in El Raswa aims to provide more than 4,000 new industrial units for young investors, which includes factories for a number of key economic sectors, including furniture and garments, plastic, food, engineering and chemical industries, and simple construction materials, and medical supplies and textile industries.

About 22 fields are excluded in the new industrial complex in South Raswa, including butane cylinders, tire retreading, alcohol projects, smoke products, production of protein centers and slaughterhouses, fishmeal and organic fertilizer, as well as all energy-intensive industries that need the approval of the Supreme Energy Council.

President Sisi had earlier directed the governor of Port Said to provide all facilities to the youth to invest in the industrial complex.