The fully serviced units are available to serious entrepreneurs via the EgyptInnovate digital platform (www.madein.eg) from October 6 to October 20.
Vice Prime Minister for Industrial Development and Minister
of Industry and Transport, Engineer Kamel Al-Wazir, explained that the units
feature diverse areas, ranging from 48 square meters to 792 square meters, to
meet various industrial needs. This provides small investors and entrepreneurs
with a chance to acquire a ready-made factory.
The offer covers diverse industrial activities, including engineering,
chemical, food, textiles, ready-made garments, metallic, plastic, and
pharmaceutical industries.
Minister Al-Wazir added that the Ministry of Industry has
ensured the offer includes a package of major incentives, similar to the
previous auction:
Low-Interest Financing: Availability of financing with a 5%
diminishing interest rate for ownership units, covering up to 100% of the
unit's value, in cooperation with several banks.
Rental Deferral: Deferral of rental value payments for 9
months from the date of unit delivery for units offered under the rental
system.
Reduced Costs: Elimination of standardized fees for studying
applications and submitting offers, and a reduction in the price of the terms
booklet to only 500 EGP.
Support Programs: Access to programs from the Small and
Medium Enterprises Development Agency for financing machinery, production
lines, or technical and marketing support.
The new units are spread across 11 governorates. Units
available for ownership are located in: Beni Suef (Bayad Al-Arab): 7 units, Sohag
(Gharb Gerga): 23 units, Red Sea (Hurghada): 5 units, Qena (Hou): 85 units, Assiut
(Arab Al-Awamer): 22 units, Minya (Al-Matarah): 11 units, Fayoum (Metallic
Complex): 9 units, Fayoum (Concrete Complex): 28 units, Luxor (Al-Baghdadi): 31
units, and Alexandria (Margham 2): 11 units.
Units in the Genena and Shebak complex in Aswan (149 units)
are available for both ownership and rent. Units in the Mahalla complex in
Gharbiya (5 units) are available for rent only.
The application process and submission for the units are
entirely electronic through the EgyptInnovate digital platform (www.madein.eg)
via the "Bidding and Allocation Services" link. The steps include:
Registering a new account:
Selecting the auction and downloading the terms booklet.
Filling in the electronic forms and applicant data.
Paying the terms booklet fee electronically.
Specifying the desired unit within the complex.
Uploading the project's technical feasibility study
(products, machinery, labour, production capacity).
Paying the earnest money deposit electronically.
The General Authority for Industrial Development (GAFI) will study all applications after the deadline, selecting winners based on clear criteria to ensure seriousness and absolute transparency. Priority will be given to expansion requests from existing, serious projects within the same complex, as well as a relative priority for investors who commit to immediate payment for the unit's price.