Industrial Development Group Unveils “e2 New October” – A Next-Generation Industrial City Powered by EGP 4.8 billion Investment

Industrial Development Group (IDG), a regional leader in developing and managing advanced industrial parks, has announced the launch of its latest industrial park, “e2 New October,” located in New October City. With an investment value of EGP 4.8 billion and spanning 1.6 million square meters, this project marks a new chapter in the development of integrated industrial communities. The initiative is designed to bolster local manufacturing, attract direct investment, and actively contribute to the industrial growth of the Arab Republic of Egypt.

The new industrial park boasts a strategic location, situated just 60 minutes from 6th of October City. Functioning as a vital connectivity hub, the site offers seamless access to Al-Wahat Road, the Ring Road, and major arterial networks, positioning it as an ideal destination for investment.

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e2 New October will be equipped with comprehensive, high-quality complementary services, including state-of-the-art infrastructure, renewable energy solutions, and a fully integrated logistics center. The objective is to provide a holistic ecosystem that empowers entrepreneurs and corporations, facilitating business growth in line with international best practices. Land usage is diversified to encompass industrial, logistical, commercial, administrative, and service activities, aligning perfectly with Egypt Vision 2030 to promote sustainable industrial development.

The project is set to attract significant foreign and local investments, create over 10,000 job opportunities across various sectors, and facilitate the construction and development of up to 100 factories expected to be established. IDG plans to complete and deliver the project within three years, with land plots already offered to prospective investors in the second half of this year.

Commenting on the launch, Mr. Shady William, CEO of IDG, expressed his pride in unveiling “e2 New October,” noting that it represents the culmination of the Group’s continuous efforts to establish and cultivate integrated industrial cities.

“Over the past 18 years, IDG has remained committed to delivering innovative industrial solutions that meet the ambitions and requirements of investors,” said William. “e2 New October serves as a direct continuation of the success story we began with the ‘e2 October’ industrial park in 2008, envisioned to become a new industrial capital.”

William added, “We recognize our four industrial Parks—East Port Said, e2 Alamein, e2 October, and e2 New October—as playing distinct yet complementary strategic roles. East Port Said and e2 Alamein act as gateways for export and nearshoring, building integrated supply chains. Meanwhile, e2 October and e2 New October are dedicated to attracting foreign direct investment and supporting Egyptian producers in serving the local market through integrated logistical solutions. This portfolio selection ensures a balance between accessing global markets, bolstering local production, and streamlining logistical operations.”

“Furthermore, these Parks represent a pioneering model for smart, sustainable industrial cities, where economic efficiency integrates with environmental responsibility. We adopt a concept that goes beyond merely providing land; we integrate advanced digital technologies in infrastructure management, enhance energy and resource efficiency, and foster an integrated work environment that accelerates the transition toward a knowledge-based and innovation-driven economy.”

Mr. Mohamed Shehab Abdel Wahab, Operations Director of IDG, stated, “The launch of e2 New October marks a qualitative shift in our commitment to providing an integrated and sustainable industrial business environment that drives growth. We have recently signed strategic Memorandums of Understanding (MoUs) with Banque Misr and Arab Bank to provide financing facilities for SMEs. Additionally, we are collaborating with DCarbon to enhance energy efficiency and reduce carbon footprints, and with Regus to provide equipped workspaces and offices in both e2 October and e2 Alamein. These strategic alliances empower our industrial partners to expand with confidence, ensuring reduced operational costs and improved competitiveness amidst global challenges, as we build infrastructure for a future where economic efficiency meets environmental stewardship.”

IDG boasts an expansive industrial land portfolio totalling 23.4 million square meters, enabling the development of large-scale integrated industrial cities. Over the years, IDG has invested significantly in the establishment, management, operation, and maintenance of these cities, offering local and international companies an ideal industrial environment characterized by high-quality, comprehensive services. IDG actively contributes to the development of the industrial sector in Egypt and the African continent by providing advanced infrastructure and strategic locations that facilitate access to global markets, aligning with the state’s strategy to support economic development.

Notably, IDG launched “e2 October” industrial park in 2008 as Egypt’s first integrated industrial Park, hosting a roster of major local and international industry leaders alongside a diverse range of SMEs. In 2019, IDG began developing the East Port Said Industrial Park within the Suez Canal Economic Park, serving as a gateway for investors targeting European and MENA markets while benefiting from the Park’s unique investment incentives. Additionally, IDG became the first company to own an industrial Park in New Alamein City through the “e2 Alamein” project, a strategic gateway for global trade on the Mediterranean coast. Across all its complexes, IDG is committed to implementing sustainable development standards by adopting the latest circular-economy practices to maximize positive impact on the community and the surrounding environment.