The initiative, part of a state push for integrated
industrial development, offers factories for finished leather goods within the
third phase of the Robbiki Leather City, touted as the first specialized
industrial hub of its kind in the region.
The application deadline for these units is July 27, with
only three days remaining. Applications are submitted electronically via the
"Made in Egypt" digital platform (www.madein.eg) to ensure
transparency and equal opportunities for investors.
The factories come in diverse sizes, from 121 square meters
to 2,000 square meters, with ceiling heights up to 10 meters. Investors can
apply for multiple units and merge them to meet their production needs. The
facilities are fully equipped for leather manufacturing and complementary
industries, supported by modern infrastructure and services for production,
marketing, training, and hosting exhibitions.
The offering includes attractive financial incentives, with
factories priced based on 2021 utility and construction costs. A 25% down
payment is required, split into a 10% booking fee and 15% upon allocation. The
remaining balance can be financed over six years, including a one-year grace
period, at a 10% interest rate in collaboration with the Cairo Industrial
Investment and Development Company. Longer-term financing up to 10 years is
also available through partner banks.
For rented units, investors pay a three-month security
deposit upon booking and three months' advance rent upon allocation, followed
by a three-month grace period before the first rental payment.
To bolster investor support, the Ministry has partnered with
the Export Development Bank of Egypt (EBE), the official sponsor of the
offering. EBE provides a comprehensive financing package, including:
Up to 90% financing for unit purchases, with repayment terms
up to 10 years,
Financing for machinery and equipment, with repayment terms
up to seven years,
Technical and export support for businesses looking to
access foreign markets.
Investors in Robbiki Leather City will also benefit from a
50% increase in the export burden refund program, enhancing the competitiveness
and export potential of their products.
The third phase of the city is designed to be a hub for
luxury leather products, serving as a launchpad for exporting finished goods,
accessories, and feeder industries, ensuring a complete value chain from
tanning to final product.
Robbiki Leather City represents a significant advancement
for the Egyptian leather industry. Built to high environmental and
international standards, it features a comprehensive utility network and
excellent road connections to vital routes like the Cairo-Ismailia, Cairo-Suez,
and the Regional Ring Road, facilitating easy access to major Red Sea and
Mediterranean ports such as Sokhna, Adabiya, Suez, Port Said, Damietta, and
Alexandria.
The Ministry of Industry emphasizes that all booking and application procedures are exclusively electronic through www.madein.eg. A brochure translated into seven languages is available to assist foreign investors, aligning with Egypt's strategy to attract local and international industrial investments and support high value-added industries.