Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, convened a comprehensive meeting with Mahmoud Esmat, Minister of Electricity and Renewable Energy, Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities, and a group of industrial developers operating in industrial zones across New October, Sadat, and New Alamein. Participants included major developers such as Polaris Parks, ElSewedy Industrial Development, IDG, CBC, Bliss Mappers, El-Gioshy, the Small Industries Association, and the Al Tajamouat Investment Company. The meeting focused on discussing mechanisms and regulations for organizing the work of industrial developers in alignment with President Abdel Fattah Al-Sisi’s directives to bolster the industrial sector and position Egypt as a leading regional industrial hub.
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Al-Wazir began by underscoring the success of the industrial developer model in the Egyptian market, highlighting it as a key example of public-private partnerships. This model aligns with national objectives of deepening local manufacturing capabilities and increasing high-value exports. He emphasized that industrial developers play a pivotal role by offering a comprehensive range of services to industrial investors, including planning and equipping industrial zones, managing operations, promoting zones locally and internationally, and facilitating government permits and licensing processes. Moving forward, the government plans to expand the adoption of this model to establish new factories and broaden industrial zones in line with Egypt’s industrial development strategy.
During the meeting, Al-Wazir directed the creation of a committee comprising representatives from the Ministries of Industry, Electricity and Renewable Energy, Housing, Utilities, and Urban Communities, alongside industrial developers. The committee will examine the design and pricing of electricity facilities for the New October industrial zone, evaluate existing power stations and electrical capacities, and establish a reference price until contracts with executing companies are finalized. These contracts, issued by the Industrial Development Authority (IDA), will encompass water, sanitation, and electricity services, with agreed-upon designs and pricing to be standardized across new industrial zones, including New October, Sadat, 10th of Ramadan, New Alamein, and New Borg El-Arab.
