Minister of Industry and Trade Tarek Kabil inaugurated two new factories in Beni Suef governorate in the field of fabric production with Egyptian-Korean investments that reached EGP 200m. The factories will provide 340 direct job opportunities, according to Kabil.
Further, the minister laid the foundation stone of an integrated industrial complex for the production of household appliances with investments of EGP 2.4bn.
As for the infrastructure of the industrial sectors in Beni Suef governorate, the minister clarified that Beni Suef governorate includes three industrial zones on an area of 5,132 acres, of which 3,582 acres are in the building materials area, 800 acres are in Kom Aburadi, and 750 acres are in Bayad Al Arab.
The minister pointed out that the fund provided to complete connecting facilities and utilities for industrial zones amounted to EGP 723m, where these lands are allocated free of charge.
For his part, Ahmed Abdel Razek, chairperson of the Industrial Development Authority said that the area of Kom Aburadi is located on an area of 800 acres and includes 188 factories with investments of about EGP 5.4bn, including nine projects with Korean, Chinese, Saudi, and Syrian foreign investments.
Abdel Razek added that these projects cover eight industrial sectors with 56 food factories, 34 for engineering, 22 for chemicals, 20 for metal, 18 for mining, 16 for wood, and 11 for textiles and paper.
He noted that the foreign investments cover 20% of the total investments in the region by EGP 1bn in the engineering, textile, and wood sectors.