Elsewedy Industrial Development and GIZ Egypt Sign a Cooperation Agreement
Elsewedy Industrial Development, the leading integrated industrial and logistics developer in Egypt and Africa, signed a cooperation agreement with “GIZ” Egypt on behalf of the German Development Cooperation and under the auspices of the Industrial Development Authority (IDA).
The agreement aims to provide comprehensive technical support to a pilot program in five industrial areas in Egypt as they adopt the Sustainable Industrial Areas (SIA) concept, which focuses on the three pillars of sustainability - environmental, economic and social aspects - in a balanced manner and developing tailored transformation strategies and roadmaps towards sustainability.
The agreement is part of the extensive effort implemented by the Egyptian German Promotion of Small and Medium Enterprises (PSME) project to support industrial areas in Egypt.
The official signing ceremony was held under the auspices of the Industrial Development Authority (IDA) on behalf of the Egyptian Ministry of Trade and Industry and in cooperation with the Industrial Development Division on behalf of the Real Estate Development Chamber of the Federation of Egyptian Industries.
The ceremony was attended by Major General Eng. Mohamed Al Zalaat, Chairman of the Industrial Development Authority, Eng. Bassel Shoriah, Vice Chairman, and Head of the Industrial Development Division, Mr. Jonas Naguib, Cluster Coordinator of the Private Sector Development Cluster at GIZ, and Eng. Mohamed El Kammah, CEO of Elsewedy Industrial Development, in addition to industrial developers who signed the agreement.
Through this initiative, Elsewedy Industrial Development will provide comprehensive technical support to five pilot industrial areas in Egypt as they adopt the Sustainable Industrial Areas (SIA) concept.
The initiative will also aim to develop tailored transformation strategies and roadmaps to strike the required balance between administrative and economic issues, resource and energy efficiency, environmental protection and social compatibility according to the best global practices and as per the needs of the Egyptian industrial sector.
The pilot areas include two public industrial areas owned and operated by IDA in Qena and Sohag, and three private industrial areas owned and operated by the three partner developers in the cities of 6th of October and the 10th of Ramadan.
Major General Eng. Mohamed Al Zalaat, Chairman of the Industrial Development Authority, highlighted the role of Egyptian industries as a key driver of the sustainable economic development.
He also praised the efforts of the Egyptian government in developing industrial areas to attract more investments to the sector, while creating new jobs throughout Egypt. Al Zalaat also urged the importance of public-private partnerships in achieving the goals of Egypt’s Vision 2030.
Mr. Jonas Naguib, Cluster Coordinator of the Private Sector Development Cluster at GIZ, added that the agreement aligns with the Egyptian-German cooperation objectives to upgrade the investment ecosystem in Egypt and support Egyptian industries, while enhancing partnerships with private sector to achieve sustainable
development. He concluded that GIZ welcomes the cooperation with all stakeholders who are have interest in developing Egyptian industry.
Commenting on the agreement, Eng. Mohamed El Kammah, CEO of Elsewedy Industrial Development, praised the efforts of the Industrial Development Authority as a key partner for the company and GIZ. He added that the Authority always supports the plans of industrial developers in Egypt who aim to create sustainable industrial areas that help achieve sustainable development.
“This fruitful partnership supports our outstanding track record and unique expertise in establishing integrated and sustainable industrial cities according to the highest global standards, while creating innovative operational ecosystem where resources are optimally utilized with maximum benefits for all stakeholders,” he added.
The participation of Elsewedy Industrial Development in this agreement aligns with its leading position as a specialized company in establishing, operating, marketing and managing industrial areas in Egypt and Africa. The company shares expertise and best practices in developing sustainable industrial areas, while making use of the technical support offered by the project consultants.
As a reliable business partner capitalizing on its vast expertise in developing industrial and logistics areas for more than a decade, Elsewedy Industrial Development offers state-of-the-art, integrated industrial areas to investors in five operational industrial cities.
The company owns a total land bank of 25 million m2, the largest land portfolio owned by an industrial development company in Egypt, with 10 operational industrial cities in Egypt and Africa.
Elsewedy Industrial Development projects are PI Parks (Industria West & Industria East), in the 10th of Ramadan industrial zone, Industria Sokhna, Industria Sadat, Industria New Alamein, Industria Asher and Al Oula Industrial Parks Development in 6th of October. The company offers the latest utilities infrastructure, manufacturing facilities, value-added services to more than 250 customers, in addition to creating 125,000 direct and 250,000 indirect jobs in the local market.
