Ambitious industrial project to hit Egypt

Jordanian Investment Company, Al Tajamouat, have launched a new exciting project, not to mention extravagant (approximated cost $5 million), to create a mega-industrial complex in Cairo. Inspiration was drawn from Jordan’s vast and extremely successful Industrial City, and it is envisaged the complex will occupy over 1.2 million square metres of land, incorporating more than 200 small-scale industries.

The focal point of the project will be the textile and garment industry, while electronic goods, jewellery, furniture and pharmaceuticals, among other retail sources, will also be targeted. At present, the concept is still in its early stages of construction, with the ground already levelled and marketing which recently took place early this year.

The confident ambition of Al Tajamouat is reflected in the time period allowed for the project to roll out. Indeed, seven years is the current expected duration of development, which will be divided into three separate stages.

However, financial reward in the sum of $500 – 800 million is expected to be accumulated from exports once the complex is in action. It is predicted that employment opportunities will flourish in Cairo upon completion, and both Egyptian and foreign investors will be keen to invest generously in the plot.

With the support of the Egyptian government, managers believe this unique mega-city will open new markets and boost re-growth in struggling industries, by attracting international and local buyers, which may quickly restore faith in the economic sector and see prosperity return to the country in trying times.

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by Albertine Fox
Gloobbi Architecture

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