amwalalghad :: NUCA Employees Reject Industrial Plots Supervision’s Decision

Your English Portal To Arab Economy

Modern Company For Water Proof   1.67        Telecom Egypt   13.62        Egyptian Financial Group-Herme   9.29        Alexandria Spinning & Weaving    1.05        Palm Hills Development Company   2.33        Pioneers Holding   4.04        ARAB POLVARA SPINNING & WEAVIN   2.99        Egyptian Iron & Steel   10.63        T M G Holding   4.18        National Societe Generale Bank   27.74        Arab Cotton Ginning   3.64        United Housing & Development   9.06        Arab Aluminum   27.93        Northern Upper Egypt Developme   7.79        Cairo Poultry   9.41        Mansourah Poultry   15.5        Upper Egypt Contracting   1.07        Ezz Steel   9.98        Egyptian Real Estate Group   11.1        South Valley Cement   4.11        Egyptian Kuwaiti Holding   1.05        EL Ezz Aldekhela Steel - Alexa   468.87        Citadel Capital - Common Share   3.43        National company for maize pro   15.06        Orascom Construction Industrie   237.25        Orascom Telecom Holding (OT)   4.72        Commercial International Bank    34.59        Egyptian Chemical Industries (   10.57        Six of October Development & I   21.01        El Shams Housing & Urbanizatio   3.3        Egyptian Financial & Industria   9.36        Cairo Educational Services   19.8        General Company For Land Recla   28.48        National Real Estate Bank for    17.99        El Arabia for Investment & Dev   0.46        Egypt for Poultry   2.03        Raya Holding For Technology An   5.29        Misr Beni Suef Cement   45.16        National Development Bank   8.2        Medinet Nasr Housing   24.5        Mena Touristic & Real Estate I   1.71        El Nasr Transformers (El Maco)   7.38        Union National Bank - Egypt "    4.7        Nasr Company for Civil Works   22.34        Heliopolis Housing   22.05        Asek Company for Mining - Asco   9.56        Sharkia National Food   5.08        International Agricultural Pro   2.9        Remco for Touristic Villages C   2.22        Export Development Bank of Egy   5.96        ELSWEDY CABLES   19.99        Egyptian Transport (EGYTRANS)   10.41        Giza General Contracting   17.9        Gulf Canadian Real Estate Inve   28.33        Canal Shipping Agencies   12.28        Egyptian Electrical Cables   0.68        Acrow Misr   21.28        Delta Construction & Rebuildin   5.78        Ceramic & Porcelain   3.99        El Kahera Housing   6.21        Egyptians Abroad for Investmen   4.35        Cairo Pharmaceuticals   19.95        El Ezz Porcelain (Gemma)   2.89        Orascom Development Holding (A   3.79        Misr Chemical Industries   6.56        Egyptian for Developing Buildi   10.26        Universal For Paper and Packag   6.89        Egyptians Housing Development    2.92        Egyptian Starch & Glucose   7.36        El Ahli Investment and Develop   7.28        Egyptian Arabian (cmar) Securi   0.48        Gharbia Islamic Housing Develo   13.49        Misr Oils & Soap   11.4        Egyptian Saudi Finance Bank   13.17        Middle Egypt Flour Mills   7.11        Delta For Printing & Packaging   28.19        Egyptian for Tourism Resorts   0.94        GMC GROUP FOR INDUSTRIAL COMME   2.03        Kafr El Zayat Pesticides   26.73        Alexandria Cement   11.88        Sidi Kerir Petrochemicals   12.99        Misr Cement (Qena)   67.19        El Kahera El Watania Investmen   6.53        Lecico Egypt   7.73        United Arab Shipping   0.63        Prime Holding   1.3        Delta Sugar   12        El Ahram Co. For Printing And    12.61        El Nasr Clothes & Textiles (Ka   0.65        Extracted Oils   0.8        Engineering Industries (ICON)   4.74        Suez Canal Bank   4.64        Arab Ceramics (Aracemco)   23.84        Naeem Holding   0.22        Torah Cement   26.12        El Arabia Engineering Industri   15.69        Paint & Chemicals Industries (   40.94        Samad Misr -EGYFERT   5.32        Upper Egypt Flour Mills   50.21        Zahraa Maadi Investment & Deve   51.8        Arab Valves Company   1.5        Alexandria Containers and good   91.18        Oriental Weavers   21.97        Maridive & oil services   1.05        El Arabia for Land Reclamation   18.84        Faisal Islamic Bank of Egypt -   7.03        Paper Middle East (Simo)   7.43        Arab Real Estate Investment (A   0.46        Arab Gathering Investment   25.03        Misr Duty Free Shops   3.34        Rakta Paper Manufacturing   6.99        Alexandria Pharmaceuticals   47.07        Housing & Development Bank   14.95        Eastern Tobacco   100        Sinai Cement   18.94        Alexandria Mineral Oils Compan   67.45        Egyptian Media Production City   3.12        Suez Cement   22.92        Credit Agricole Egypt   10.97        GB AUTO   27.55        Nozha International Hospital   32.03        Egyptian International Pharmac   43        Development & Engineering Cons   9.57        Rubex Plastics   13.01        Misr Hotels   30        Memphis Pharmaceuticals   13.22        Cairo Development and Investme   16.06        TransOceans Tours   0.1        Abou Kir Fertilizers   138        Glaxo Smith Kline   9.7        Al Arafa Investment And Consul   0.19        Faisal Islamic Bank of Egypt -   43        Minapharm Pharmaceuticals   27.07        Cairo Oils & Soap   16.05        Sues Canal Company For Technol   12.49        El Nasr For Manufacturing Agri   14.07        Ismailia Misr Poultry   3.84        Egypt Aluminum   16.3        North Cairo Mills   16.62        Rowad Tourism (Al Rowad)   7.62        Egyptian Real Estate Group Bea   23.73        Alexandria National Company fo   8.55        Delta Insurance   6.01        Golden Textiles & Clothes Wool   6.7        Cairo Investment & Real Estate   14        Alexandria Flour Mills   16.06        Egyptian Satellites (NileSat)   6.46        Arab Pharmaceuticals   14.14        National Cement   11.42        Assiut Islamic Trading   5.71        Nile Pharmaceuticals   18.4        Egyptian Company for Mobile Se   129        International Co For Investmen   24.6        El Watany Bank of Egypt   16.86        Al Moasher for Programming and   1.09        UTOPIA   7.06        Saudi Egyptian Investment & Fi   43.63        Grand Capital   5.5        Sharm Dreams Co. for Tourism I   7.29        Barbary Investment Group ( BIG   1.15        Naeem portfolio and fund Manag   2.14        

NUCA Employees Reject Industrial Plots Supervision’s Decision


Published Friday, 17 August 2012 22:31 |

A number of employees at the New Urban Communities Authority "NUCA" asked the Minister of Housing to reverse his decision of transferring the supervision on industrial plots from the new cities apparatuses to the Industrial Development Authority. They suggested that the New Urban Communities Authority pursue its responsibility of the industrial plots in order to ensure that the planning and implementation will be fast and efficient, pointing out to the necessity of cancelling the cooperation protocol between the ministries of Housing and Industrial Development.

A source at the central Administration of the New Urban Communities Authority said the former regime was planning to make up fabricated crises, lay off many employees and tighten the facilities for investor in order to lead them to bankruptcy.  For example, the Qiz agreement was concluded in order to abuse the the capital of the investors, render them insolvent and end up closing their factories.

He explained that the cities apparatuses divided the industrial areas into groups according to the industry in which they are working. This helped to form integrated industrial communities and facilitated the industrial waste water treatment, which would, in turn, keep the sanitary sewer intact.

Moreover, he enumerated the negative aspects regarding assigning the Ministry of Industrial Development to the allocation of the investors' plots in stead of the apparatuses of new cities. First of all, the Ministry of Industrial Development requires a letter of guarantee with an amount of money that might harm the investor's budget, in addition to conducting a number of complicated procedures to seize as much money as possible from the investor.

The Negative points also include the fact that the Ministry of Industrial Development does set an accurate map to the sites of the factories and does not place the factories which work in similar industries in the same area to protect the environment.

The third point is that the Industrial Development Authority has sold plots with the same specifications at different prices. In other words, one company may buy the plot furnished with utilities at a cost of EGP 30 for the meter; another may get it without utilities at EGP 43 per meter and a third may get a plot with full utilities at EGP195 per meter.

For example, Ghabbourr Auto, located in Sadat City, received about 4 million flat meters at the so-called Industrial Developers area with Utilities from the Industrial Development Authority at a cost of EGP 30 per meter, while the actual cost of the meter is EGP 89. On the other hand, the Authority sold the same plots but without utilities at 43 per meter to companies such as Beshay Steel, Watanya for fertilizers, and Al Wadi for fertilizers.

Above all, the Authority’s procedures take so much time and that would in turn render the investor unwilling to invest in new cities.