Egyptian Samcrete’s IDG studies developing industrial zones in KSA, Ethiopia

Egyptian Samcrete’s IDG studies developing industrial zones in KSA, Ethiopia Sameh Attia

Industrial Development Group (IDG), the industrial arm of Egypt-based construction firm Samcrete, is studying developing major industrial zones in Ethiopia and Saudi Arabia. The move will be part of IDG’s strategy to expand businesses abroad.

Sameh Attia, IDG’s managing director, said his firm is currently conducting studies on offers received from a number of investors to develop major industrial zones in Ethiopia and Saudi Arabia.

The studies aim to determine the space of lands designated to establish the industrial zones as well as get to know the legislations of each country to determine the possibility of attracting investments to those zones, Attia added.

Elsewhere, IDG decided to postpone signing final agreement to develop an industrial zone in Morocco covering more than 5 million square metres until 2017, he said. The anticipated industrial zone in Morocco will be IDG’s first project in the country.

Tagged as:

Latest news, Sameh Attia, Samcrete

RELATED CATEGORYMore

3915 Views Comments

Louvres Hotel Group,Signed Its 3rd Hotel In Ethiopia

Louvres Hotel Group, number one hotel group in East Africa, signed its 3rd hotel in Ethiopia, pursuing the expansion of an ambitious network covering sub-Saharan

5834 Views Comments

Is Safaricom Entering the Ethiopian Market?

Safaricom has denied reports of the company entering into the Ethiopian market. The Kenyan telco had been said to be gearing up for its first venture

3955 Views Comments

Ethiopian Airlines Digitalized All Business Processes

Flying even more greener; Ethiopian Airlines Group, the largest airline in Africa, is pleased to announce that it has fully digitalized all its business processes