Egypt Starts Establishing First Ecofriendly Industrial Complex With Le 12b Investments

Minister of Housing Sherif El-Sherbiny on Thursday laid the foundation stone for a massive green industrial complex established in the industrial zone of New Alamein City with investments worth EGP 12 billion.

The new complex will be Egypt’s first environment friendly industrial complex, spanning 400,000 square meters.

Production in the complex is set to commence in the second quarter of 2025, according to Hazem Gaber, CEO of IETOS, the company that develops the project. Local components within…