Egypt to press ahead with World Bank supported infrastructure

05 July 2016

Plan is under the Local Development for Upper Egypt Governorates Programme, which is being supported by World Bank funds of up to $500m

Egypt’s Minister of Trade and Industry, Tarek Qabil, has announced the development of infrastructure schemes at six industrial zones.

Speaking at a press conference in Cairo on 2 July, Qabil said that the projects will be implemented over the next two years in order to improve the industrial zones in the Qena and Sohag areas in Upper Egypt.

This plan is under the Local Development for Upper Egypt Governorates Programme, which is being supported by World Bank funds of up to $500m.The programme will also be implemented in partnership with the local Industrial Modernisation Centre (IMC).

In September last year , MEED reported that UAE-based international courier service Aramex is currently in talks with Cairo-based Orascom Telecom Media and Technology Holding for the development of several logistics projects in Egypt. Damman-based Zamil Industrial is also set to develop a 202,342 sq m logistics centre, which will be built in the Qena governorate.

 

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