Dangote refinery seeks US crude boost    Taiwan's tech sector surges 19.4% in April    France deploys troops, blocks TikTok in New Caledonia amid riots    Egypt allocates EGP 7.7b to Dakahlia's development    Microsoft eyes relocation for China-based AI staff    Beyon Solutions acquires controlling stake in regional software provider Link Development    Asian stocks soar after milder US inflation data    Abu Dhabi's Lunate Capital launches Japanese ETF    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    MSMEDA chief, Senegalese Microfinance Minister discuss promotion of micro-projects in both countries    Egypt considers unified Energy Ministry amid renewable energy push    President Al-Sisi departs for Manama to attend Arab Summit on Gaza war    Egypt stands firm, rejects Israeli proposal for Palestinian relocation    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Niger restricts Benin's cargo transport through togo amidst tensions    Egypt's museums open doors for free to celebrate International Museum Day    Egypt and AstraZeneca discuss cooperation in supporting skills of medical teams, vaccination programs    Madinaty Open Air Mall Welcomes Boom Room: Egypt's First Social Entertainment Hub    Egypt, Greece collaborate on healthcare development, medical tourism    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt to relocate 50 leather tanneries to Al-Robeky zone next July
Hisham Ibrahim Sanaa Allam Published in Amwal Al Ghad on 06 - 03 - 2016

Egyptian minister of trade Tarek Qabil said that the ministry is to start relocation of leather tanneries from Magra El Oyon region to Al-Robeky industrial zone next July.
Speaking to Amwal Al Ghad Sunday, Chairman of Egyptian Leather Export Council Ahmed Short stated that 50 tanneries are set to be relocated among project's first phase.
Al-Robeky leather zone is set to be established 54 km east of Cairo.
He added that the total volume of the cash liquidity that the government dedicated for completing the first phase is estimated at around 350 million Egyptian pounds (US$44.7 million) since December 2015.
In June 2014, Egypt's outgoing President Adly Mansour allocated 398.6 acres of state land for Al-Robeky industrial zone for leather tanneries.
According to the statements of trade ministry, Al-Robeky leather zone will participate in boosting industrial investments to 5.766 billion pounds in addition to increasing industrial growth rate in leather sector to 10 percent annually.
Al-Robeky leather zone is set to create around 25,000 new direct job opportunities by completing all phases. In addition, the project is expected to boost Egyptian industrial exports from US$100 million to US$350 million per year, council's head clarified.
Short added that leather sector is waiting for the government to start executing its latest decisions that organise importing movement and impose additional customs fees on leather imports to obtain the real development locally and globally.
The council targets boosting leather exports by around 200 million Egyptian pounds to reach 1.5 billion pounds (US$191.5 million) during 2016.
Short raised the decisions made by the government and the Egyptian Central Bank (CBE) notably those that organise the importing sector, noting that they led leather industries and products to revive.
In addition, many workshops and small-sized factories that have been closed within the last five years have been reopened due to those results, the chairman clarified. Accordingly, the capacity of leather sector has been raised by 25 percent.

Clic here to read the story from its source.