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First zone of the auto industry in Egypt

Rashid Mohamed Rashid, Minister of Trade and Industry was allocated half a million square meters in Sadat City to establish the first industrial area

Advertise Rashid Mohamed Rashid, Minister of Trade and Industry was allocated half a million square meters in Sadat City to establish the first industrial area "logistical" for the auto industry and its feeder industries.

Rasheed said in statements

Press on Saturday that the city with investments of up to one billion pounds and include storage areas, customs and other services.

The Minister of Commerce and Industry said that the ministry's plan aims during the next four years to establish 24 an industrial zone and logistical in a number of new industrial cities of the Tenth of Ramadan and 6 October, Sadat and the Burj Al Arab, Fayoum, Port Said, Ismailia, with investments expected up to 40 billion pounds.

He is being set up 12 industrial zones based developer of industrial and factory, which attracted 845 of them began production and another under construction with investments expected 25.7 billion pounds and save approximately 117 thousand new jobs.