Egypt to Establish New Industrial Zone in New 6th of October City

Egypt’s Prime Minister Mostafa Madbouly has revealed that the government will carry out an industrial city project on an area of 5 million sqm in New 6th of October City.

In a statement, Madbouly said the government will establish a new industrial zone in New 6th of October City, which is planned to be developed through an industrial developer system.

The ambitious project features industrial, logistical, commercial, administrative, and service activities. It will be located near the 6th of October dry port, and will be directly linked to Alexandria Port via railways, he added.

Madbouly indicated that the government welcomes and supports industrial sector, saying, “All that matters to us in this context is to accelerate the process of developing proposed industrial zone, with regard to the speed of connecting utilities, building and operating factories, especially since we have previous experience with some industrial developers used to take many years to develop industrial lands, this would hinder development in the region in general.”

He further mentioned that the government would not earn a single pound from the price of these industrial lands, noting that the government cares about the development process and the speed of operating factories.