The Egyptian Industrial Development Authority, led by Dr. Nihad Youssef, has continued its campaign to reclaim lands and industrial units from owners who have failed to develop them. The campaign, which is being carried out in coordination with relevant authorities and security agencies, has reached the 10th of Ramadan city in the East Delta region. This move is in line with the directives of Industry Minister Khaled Hashim to accelerate the pace of reclaiming unused state assets and re-offering them for operation.
The committee, which includes representatives from various agencies, conducted a field visit to the 10th of Ramadan city, accompanied by law enforcement forces. During the visit, they implemented decisions to cancel the allocation and reclaim several industrial plots that had been allocated to companies that had failed to meet their obligations. The plots were reclaimed after a thorough review of the projects' status, based on technical reports that showed they had exceeded their deadlines and additional grace periods, and had not met the requirements for seriousness in implementation, construction, and operation.
The Industrial Development Authority has emphasized that the campaign is part of a comprehensive plan to reclaim lands and units that have not been developed by their owners, with the aim of redirecting them towards optimal industrial and productive use. The authority has also stressed its commitment to re-offering the reclaimed lands and units for allocation, in accordance with established controls and procedures, and with transparency to ensure equal opportunities. This move is expected to boost the industrial development process and meet the aspirations of serious manufacturers.
The Industrial Development Authority has assured that the campaign will not exempt any industrial zone in the country, and that it will continue to work to reclaim lands and units that have not been developed. The authority has also emphasized its commitment to working with relevant authorities to ensure that the reclaimed lands and units are put to optimal use. The campaign is part of the Egyptian government's efforts to boost industrial development and stimulate economic growth.
The decision to reclaim lands and units from non-compliant owners has been welcomed by many in the industrial sector, who see it as a positive step towards creating a more level playing field for serious manufacturers. The move is also expected to help to increase the utilization of industrial lands and units, and to boost the overall efficiency of the industrial sector.
The Industrial Development Authority has called on companies that have been allocated industrial lands and units to ensure that they meet their obligations and develop their projects in a timely manner. The authority has also emphasized its commitment to providing support and guidance to companies that are committed to developing their projects, and to helping them to overcome any challenges they may face.
The campaign to reclaim lands and units from non-compliant owners is part of a broader effort by the Egyptian government to boost industrial development and stimulate economic growth. The government has implemented a number of initiatives aimed at supporting the growth of the industrial sector, including providing financing and technical assistance to companies, and implementing policies to encourage investment and job creation.
Key points
- The Egyptian Industrial Development Authority continues to reclaim lands from non-compliant owners in the 10th of Ramadan city.
- The campaign aims to boost industrial development and stimulate economic growth.
- The authority has emphasized its commitment to transparency and equal opportunities in the allocation of reclaimed lands and units.
