The Cabinet approves the payment of the price of industrial lands at a rate of 7% per annum and not the interest of the Central Bank for 3 years

A plot of land belonging to the German company Bosch on 10th of Ramadan to set up a factory for household appliances
 
Decisions:
- The Council of Ministers approved the proposal submitted by the Industrial Coordinating Council for the payment of industrial land at an interest rate of 7% per annum, not the interest rate of the Central Bank, provided that this decision is valid for three years only, in order to encourage more investments for the industrial sector, In order to expand the establishment of new industrial complexes, thus providing more employment opportunities for young people.

- The Council of Ministers approved the allocation of a plot of land to the German company Bosch in the field of manufacturing household appliances, to set up a factory for household appliances on the tenth of Ramadan.
 

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The Chamber is established by the Republican Decree No. 453 of 1958, which is one of the 20 industrial chambers of the Federation of Egyptian Industries, which includes about 4000 members, by virtue of the establishment decision, it covers the engineering industries sector in Egypt through 10 divisions.

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