Deli Group to Launch $200 Million Industrial Complex in 10th of Ramadan City

Deli Group plans to build a $200 million industrial complex in 10th of Ramadan City, creating 2,200 jobs. The Egyptian government, led by Kamel Al-Wazir, pledges full support, emphasizing the area’s strategic advantages. The project will replicate Deli’s advanced manufacturing capabilities and produce over 12,000 products, while new regulations ensure stability for investors.

Deli Group, a prominent Chinese manufacturer of tools and equipment, is planning to establish a substantial industrial complex in the industrial zone of 10th of Ramadan City. This project will cover an area of 160,000 square meters and involves an investment of approximately $200 million, projected to create around 2,200 new jobs in the region.

During the meeting with Kamel Al-Wazir, Egypt’s Deputy Prime Minister for Industrial Development, the importance of foreign investment in Egypt’s industrial sector was emphasized. Al-Wazir assured full support from the Ministry of Industry for the project, including accelerated land allocation, industrial licenses, and infrastructure readiness, promoting alignment with Egypt’s wider economic growth and industrialization objectives.

The new facility is designed to replicate Deli Group’s advanced manufacturing sites globally and aims to produce over 12,000 distinct products, such as stationery, school supplies, printing machines, sports equipment, hand and power tools, and office furniture. The company is regarded as a leading name in these sectors within China and internationally.

An initial timeline for land allocation and construction design was established, with directions to adhere strictly to this schedule for timely completion and operational commencement. Deli Group representatives received assurances regarding the streamlined establishment process in Egypt, ensuring all regulatory matters are managed efficiently.

Highlighting the strategic benefits of the 10th of Ramadan City, Al-Wazir noted its connectivity to major highways and proximity to key logistics and dry port facilities as advantageous for industrial investments. These factors aid in both domestic distribution and international trade, enhancing the region’s appeal to investors.

Company officials expressed appreciation for Egypt’s proactive investment climate, which includes a unified inspection committee for factories, various incentives, and efforts to simplify project approvals. They lauded the regulatory framework that restricts industrial land transfer without prior Industrial Development Authority approval, fostering a stable environment for genuine industrial activities.

Deli Group representatives commended the policies that aim to allocate industrial land to serious investors while curbing speculation by brokers. Their commitment to efficiently executing the project reflects their confidence in Egypt as a viable industrial hub. The meeting concluded with mutual pledges to ensure the project’s success, promoting enhanced manufacturing capabilities, job creation, and strengthened economic relations between Egypt and China.

The establishment of a major industrial complex by Deli Group in 10th of Ramadan City marks a significant step for Egypt’s industrial sector. With a substantial investment and the promise of job creation, the project reflects the nation’s commitment to fostering foreign investment. The strategic advantages of the location, coupled with supportive governmental policies, underscore Egypt’s aim to enhance its manufacturing capabilities and economic ties with global partners, particularly China.

Original Source: www.dailynewsegypt.com