In a significant move to bolster the nation’s industrial sector and support small and medium-sized enterprises, Egypt’s Ministry of Trade and Industry has announced the availability of 386 ready-to-use industrial units for entrepreneurs. The vacant, fully-equipped units are spread across 12 industrial complexes in 11 governorates and are available for immediate delivery through the “Made in Egypt” digital platform.
A Strategic Push for Local Manufacturing
The initiative aligns with the directives of President Abdel Fattah El-Sisi to strengthen local manufacturing capabilities and empower small and micro-enterprises. The offering, which runs from October 6th to 20th, aims to provide serious entrepreneurs with a turnkey solution to launch or expand their industrial projects, thereby contributing to the national economy and reducing reliance on imports.
Details of the Offering and Target Sectors
The 386 units vary in size, ranging from 48 to 792 square meters, to accommodate the diverse needs of different industrial activities. The government is targeting a wide array of sectors, including engineering, chemical, food, textiles, furniture, ready-made garments, metal, plastic, and pharmaceutical industries. The units are distributed across governorates such as Beni Suef, Sohag, Red Sea, Qena, Assiut, Minya, Fayoum, Luxor, Alexandria, Aswan, and Gharbia, with options for both ownership and leasing.
Significant Financial Incentives for Entrepreneurs
To make the opportunity more accessible, the Ministry has introduced a robust package of financial incentives. Entrepreneurs can benefit from low-interest financing at a 5% declining rate, with facilities covering up to 100% of the unit’s value for those choosing ownership, offered in collaboration with several banks. For leased units, a nine-month rent deferral is available from the date of handover. Furthermore, standard application and proposal review fees have been waived, and the cost for the terms and conditions booklet has been reduced to just EGP 500. Applicants can also leverage programs from the Micro, Small, and Medium Enterprises Development Agency (MSMEDA) for financing machinery, production lines, or receiving technical and marketing support.
How to Apply via the Digital Platform
The entire application process is conducted electronically through the Made in Egypt platform. Applicants must register a new account, select the desired offering, download the terms booklet, and complete the electronic forms. The process involves submitting project details, including a technical feasibility study, and paying the booklet fee and a security deposit online. The Industrial Development Authority will review all applications after the deadline, prioritizing expansion requests from existing projects and investors who opt for immediate upfront payment.
About the Industrial Development Authority
The Industrial Development Authority (IDA) is the executive arm of the Egyptian Ministry of Trade and Industry responsible for implementing industrial policies. Its primary mission is to stimulate and develop the industrial sector by managing industrial zones, providing land and licenses to investors, and offering a suite of services to support industrial projects across Egypt, fostering a competitive and sustainable industrial ecosystem.
Source: Cairo 24
