Minister of Local Development Hesham Amna stated Monday that LE50 million have been allocated, as a first batch, to preparing those maps.
The official clarified that the industrial zone is located southern the city in the desert area.
Suez Industrial Development Company has a 25 percent interest in the owner company (Al-Ahly Industrial Development Company - one of Al-Ahly Capital Holding companies), which assumes the role of the main developer of the project.
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.
The Ethiopian side has set conditions that their Egyptian counterpart should come to Ethiopia to negotiate this dispute, but the Egyptian side rejected due to the lack of guarantees.
The prime minister pointed out that the Egyptian-Iraqi Supreme Committee will convene in April to endorse a number of bilateral projects.
The project is carried out in cooperation with the Industrial Development Authority (IDA) and the National Organization for Military Production (NOMP).
The minister of housing signed on Tuesday a memorandum of understanding with the New Urban Communities Authority and CGCOC Group Co., Ltd.
Head of the Industrial Development Authority received an official delegation from Uganda to discuss the activation of the MoU that both states signed recently.
Both sides discussed means of benefiting from CFLD's in-house expertise in developing industrial areas in Egypt.
Egypt and Russia will sign an intergovernmental agreement on setting up an industrial zone in Egypt’s East Port Said region in the Suez Canal Economic Zone.
Russia’s Ministry of Industry and Trade affirmed that the governmental agreement project about the Russian Industrial zone in Egypt has been approved.
The Ethiopian Prime Minister has praised the role played by Egyptian investors in supporting Ethiopia’s economy.
The zone will include 90-100 factories of different industries, the output of which will be exported.
President Abdel Fatah al-Sisi has received his Russian counterpart Vladimir Putin at the Cairo International Airport on Monday.
The first phase in the project will cover up to 70 percent of Egypt’s domestic need of fish.
The Administrative Prosecution Authority referred six accused to a disciplinary trial for forging inventory agricultural count sheets.
Gharbia Governor Ahmed Sakr on Saturday said an industrial zone for spinning, weaving, and ready-made garments would be established in Mahalla.
A wrap-up for the most prominent business news of the day.
A $500 billion business and industrial zone, extending across Saudi Arabia's borders into Jordan and Egypt is launched on Tuesday.