Governor of Monofiya Hisham Abdel Baset said Saturday a deal was reached with Minister of Industry and Commerce Tareq Qabil to establish a branch for the Industrial Development Authority (IDA) in Sadat City in Monofiya governorate.
Abdel Baset explained that the aim of establishing the branch is to ease procedures for investors to gain approvals on industrial projects without needing to get them from the central capital.
He pointed out that this step will contribute to improving the investment climate in Egypt, adding that the agreement with Qabil comes under the auspices of President Abdel Fattah El Sisi and Prime Minister Sherif Ismail to boost investment and industrial development.

Source: Mena