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JLCC
- May 30, 2023
Engineer Mohamed Abdel Karim, Chairman of the Industrial Development Authority, held a consultative meeting with representatives of the industrial developer companies operating in Egypt with the aim of listening to their proposals and reaching the best perception and consensus on the new generation of industrial developer areas and discussing mechanisms for expanding dependence on the private sector in facilitating, developing and managing industrial areas and promoting For Industrial Investment, in the presence of Eng. Basil Shaira, Head of the Industrial Development Division and General Manager of Polaris Group, Riyad Kiwan, President of CPC Egypt, Eng. Karim Sami Saad, President of Samcrete, Eng. Moataz Bahaa El Din, CEO of CPC, and Dr. Al-Wahhab is a member of the Board of Directors of the Federation of Industries, and Mr. Ahmed Abdel-Karim is a representative of SDM, with the participation of a number of leaders of the Public Authority for Industrial Development.
Engineer Mohamed Abdel Karim, Chairman of the Authority, stated that recent studies in Egypt have proven that the industrial developer is one of the successful experiences of the country’s private sector participation in the process of economic and industrial development, stressing that the Authority has an organizing and facilitating role and works with the developer to serve the investor, in order to reach a major goal. It is the establishment of factories, attracting investments, technology transfer and employment.
Abdul Karim stressed the importance of interaction with the developer companies under the directives of Eng. In addition to creating more modern and sustainable industrial zones with the highest standards.
Abdel-Karim indicated that the authority believed in the capabilities of the private sector, so the authority was heading towards the use of the developer in managing and operating the existing industrial zones and complexes, due to the ability of the private sector to manage and market the industrial zones internally and externally.
Engineer Mohamed Abdel Karim referred to the questionnaire conducted by the Center for Economic and Strategic Studies as part of an in-depth study of the developer’s experience by surveying the opinions of a sample of factory owners within the developer’s areas, during which 83% of the investors confirmed that they prefer to repeat the experience and choose the industrial developer in the event of making an investment. New, which confirms the success of the experiment.
For his part, Eng. Basil Shaira stressed the need to unify the dealing party on industrial lands through the authority and provide more contractual flexibility for the industrial developer in addition to standard contracts to enable him to attract major international companies, especially with the success of the developer in his dealings with project owners starting from land allocation, operation and maintenance, Praising the authority’s new approach towards using the industrial developer in the existing industrial zones to transfer the successful experience of the private industrial zones and apply them to the public industrial zones.
Eng. Karim Sami Saad expressed his appreciation for the new thinking of the Authority and its belief in the participation of the private sector and the capabilities of the industrial developer, especially at the present time, which is witnessing intense competition to attract investments coming from Europe, especially with the Ukrainian crisis, stressing that the Industrial Development Group (IDG) has fully recycled its profits. From the beginning of the developer’s experience so as to pump it into expansion to develop new areas.
Dr. Ahmed Fekry expressed his happiness with this dialogue and the opening of channels of communication with the industrial developer, which had not happened over previous years in such depth, and the participation of the private sector in the authority in decision-making, stressing the great importance of this interaction and working as one team to continue the success of the developer’s experience, explaining the importance of identifying industrial sectors with The priority of the state and its targeting to attract foreign investments, good sectoral planning, and the need to study the industrial developer models of the leading countries in this field.
Mr. Riad Kiwan emphasized that Egypt is capable of attracting foreign investments with its stimulating laws for investment and the facilities provided by the government to the private sector and attracting capital in the face of challenges and regional competition, pointing to the CBC Group’s keenness to continue and expand its successful investments in Egypt.
At the end of the meeting, it was agreed to continue consultations through another meeting with the developer companies to prepare a complete vision and an integrated vision on the participation of the private sector in the development and management of industrial zones. The Authority will study and review these visions.