Egypt to auction 1,000 plots for industrial development
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Egypt to auction 1,000 plots for industrial development

Egypt to auction 1,000 plots for industrial development

Egyptian industry and foreign trade minister, Hatem Saleh has said the government will auction 1,000 plots of land, some five million square metres in total, for industrial developers, as part of government plans to encourage investment and boost employment, Ahram has reported. The lands offered will include all the amenities required; the system involves giving the land to an investor who will build up and in turn sell it to companies, Saleh said.

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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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