“More than 1950 investors are bidding to
buy lands at Badr City‘s Textile City which was as they submitted
applications with the Industrial Development Authority to buy
specifications and requirements of the bid that was announced back in
mid-October…To meet surging demands from bidders, IDA decided to
give a two-day extension for giving out specifications and
requirements. Additionally, it decided to extend deadline for receiving
land allocations requests to next Thursday instead of Tuesday…To
the extent of exceeding demand recorded for lands offered for investors
in Upper Egypt’s industrial zones, proximity of Badr City to the New
Administrative Capital is fueling the rising demand expected today and
tomorrow, according to informed sources…Badr City‘s second
Textile City will be built over 1 million sqm with 198 plots being
allocated for weaving and spinning, in addition to ready-made garments
and dyeing…Source: AlmalNews.com”
Date:11/5/2017
Source:Source: ICA Bremen