Egypt’s IDA seeks to prepare its regulating law by January end

Egypt’s Industrial Development Authority (IDA) seeks to complete preparing the operating regulation of the law that will reform its role by the end of January 2019.

Egypt’s parliament has approved a landmark law aimed at reforming the role of the Industrial Development Authority (IDA), a government body which will be tasked with boosting development in the country’s industrial sector.

The 37-article law will turn the IDA into an independent economic authority which “will work in coordination with the Ministries of Industry and Trade in boosting investments in the industrial sector.”

A source told Amwal Al ghad that IDA is currently negotiating 12 articles in order to reach a final draft.