Ministry of Trade and Industry has started to carry out a plan which aims at achieving a big bounce in investments in all industrial zones in the governorates.

Eng. Rasheed Mohamed Rasheed, the Minister of Trade and Industry said the plan aims at making an assessment of industrial development to get acquainted with the problems facing investors in these zones in order to take the necessary measures for solving them.

Rasheed said the working opportunities provided by the new industrial projects in the governorates have been doubled to reach 42,547 from 21,200.

He said industrial zones support fund has earmarked LE 131 million for industrial zones in the governorates of Beni Sweif, Assiut, Ismailia and Menoufiya. 

Rasheed pointed out that  land would be withdrawn from insincere investors adding this land will be assigned for other investors on waiting lists in all industrial zones.

Meanwhile, some 215,000 workers who have been tentatively working in oil sector companies for a period of 5-6 years will be appointed.