Egypt approves delegating industrial land allocation to Industrial Development Authority

Egypt's cabinet approved on Wednesday a law amendment that gives the Industrial Development Authority (IDA) complete powers to allocate and manage industrial lands nationwide.

After amending law no.7 of 1991 that concerns the use of the state's property, the IDA will now be able to use and price lands for industrial purposes, state news agency MENA reported citing Trade and Industry Minister Tarek Kabil.