The government released 30 million square metres of industrial land to investors, just 10% of which had been developed, according to Prime Minister Dr. Mustafa Madbouly.
The government discussed the reasons for not developing these lands came as a result of the lack of access to the facilities, so “Madbouly” quickly extended industrial lands with facilities during his speech on the activities of the launch of the economic conference in President Abdel Fattah El-presence. Sisi’s
The prime minister said that numerous investors have received incentives to promote industrial investment, including expedited processing of applications for industrial licences and quick allocation of industrial lands for enterprises seeking to expand.
He noted that the state has introduced a package of incentives to promote investment, including real estate tax exemptions for 19 industrial sectors, non-tax incentives for the auto industry, and further non-tax incentives.
Government: Waive real estate taxes for 19 industrial sectors
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