Prime Minister Mostafa Madbouli presided over a meeting on Monday to review the layout of an industrial city planned to be established in the New October City.

The meeting was attended by Minister of Housing, Utilities and Urban Communities Assem el Gazzar, Minister of Trade and Industry Ahmed Samir and CEO of Elsewedy Electric Ahmed Elsewedy, among others.

The prime minister said the government received a request from Elsewedy Group to establish the city near the dry port in the new October city.

He added the government consented to the project and welcomes and backs the private sector in its plans and ideas to accelerate the development process in the industrial areas.

Madbouli said utilities will be supplied to the city in a short time, pointing out that the government seeks to speed up development across the country.

For his part, the minister of housing said a large number of housing units will be established for the benefit of low-income brackets in October cities, adding the new project would create more job opportunities and encourage business activities.

Source: State Information Service Egypt