The official clarified that the industrial zone is located southern the city in the desert area.
Minister of Local Development, Mahmoud Shaarawy, announced the allocation of about LE19.8 billion to implement the governorates' investment plan during fiscal year 2022-2021.
Ismail witnessed the inking of an agreement between the Ministry of Trade and Singapore holding company for construction to establish an industrial city in Fayyoum.
Egypt has regained its place on the global economic map and succeeded to pass the first and second phases of the comprehensive economic reform plan, Trade Minister said.
The industrial city will be stretching over 33 million square meters.