The inauguration will take place in the presence of head of the Real Estate Tax Authority Samia Hussein and Governor of South Sinai Khaled Fouda.
The Industry Committee in the House of Representatives will discuss a draft law on exempting operating factories from property tax.
The Taxes and Duties Committee at the Federation of Egyptian Industries (FEI).
Factories are already crippled by low profit margin due to high production costs after the flotation of the Egyptian pound.
Tax revenues recorded 291.13 billion EGP during the first ten months of the current fiscal year (FY) 2016/17