Sunday 17/November/2024 – 10:57 AM
I got stuck Dr. Heba Al-SayedHead of the Internal Trade Development Agency, on the most prominent issues related to the development of internal trade in Egypt.
In television statements, Dr. Heba praised the importance of signing a partnership contract to attract investments in the Sharkia and Beni Suef governorates to establish new commercial centers, and explained that this signing represents the result of great efforts made in cooperation with the governors, noting that the process began with a careful examination of the lands with the aim of ensuring their suitability for activities. Commercial.
Developing internal trade in Egypt
Dr. Heba Al-Sayed said: We always start by determining the suitability of lands for commercial activities through a careful inspection, then we sign contracts with developers and investors through clear and transparent bidding, stressing that the contracts include three new sites, two in Beni Suef Governorate and another in Sharkia Governorate, pointing out that Signing agreements in the governorates of Upper Egypt carries special importance, as attracting investments to these areas is an essential part of the state’s strategy to develop Upper Egypt within the framework of Vision 2030.
Dr. Heba spoke about the vision of the Internal Trade Development Agency in developing modern trade models such as malls and major commercial centers, stressing that the agency is not limited to developing supermarkets or clothing stores only, but also includes developing an integrated commercial system. She explained that this system extends to include all stages of the supply chain from production until the products reach the consumer, noting the importance of developing a commercial infrastructure that includes warehouses, wholesale markets, and multiple commercial outlets.
Regarding the mechanism for disseminating projects in the governorates, Dr. Heba confirmed that this process is based on careful studies and analysis of market gaps in each governorate, in order to determine the actual needs of each region.
She explained that some governorates may need to develop sales outlets and stores, while others need to establish peripheral commercial areas to meet the needs of citizens.
Regarding cooperation with the General Investment Authority, Dr. Heba confirmed that the Internal Trade Development Authority works in full coordination with the Authority to promote its projects within the general investment map of the state. She explained that the Authority is considered the main outlet for investment in Egypt, and that cooperation with it contributes greatly to attracting investments and enhancing the scope of commercial projects.
Regarding the volume of investments in new projects, Al-Sayed explained that the total investments announced today amounted to about 5 billion pounds. These investments include the establishment of an integrated commercial area on an area of 47 acres, in addition to two smaller commercial centers.
She confirmed that the timetable for implementing these projects ranges from 18 months to two years.
