Trade and Industry Minister Tarek Kabil said Monday that 99 percent of the production units in the Damietta Furniture City (DFC) have been finalized, including 1,400 units, in accordance to the set timetable.
Efforts are currently under way to finish the entire facilities in the new city including water, electricity and roads, the minister added.
In a statement on Monday, the minister noted that the DFC reflects the state’s strategy for sustainable development 2030 and comes in line with the government’s investment approaches for the current phase, stating that the new city is a successful model of cooperation between the government and the private sector.
The new city will be one of the largest specialized industrial zones in the field of furniture industry in the Middle East and is expected to put the Egyptian furniture industry on the world map through using global expertise with the aim of promoting such vital industry, Kabil noted.
He pointed out that the DFC is established on an area of 331 feddans and contributes to providing many jobs including direct and indirect employment opportunities that are expected to hit 100,000 ones.