Attracting Capital to Technology Parks Program

ITIDA, in partnership with Silicon Waha Development Co., is providing Attracting Capital to Technology Parks Program through Egypt Makes Electronics (EME) initiative. The initiative aims to position Egypt as the center and regional factory of designing and manufacturing electronics in the European, Middle Eastern, and African markets.
Brief
 


ITIDA, in partnership with Silicon Waha Development Co., is providing Attracting Capital to Technology Parks Program through Egypt Makes Electronics (EME) initiative. The initiative aims to position Egypt as the center and regional factory of designing and manufacturing electronics in the European, Middle Eastern, and African markets.

This Program aims to attract electronics design and development capital to establish offices and manufacturing facilities by providing buildings and lands at competitive prices (either office spaces renting or land usufruct right), along with a group of different attractive incentives.

Silicon Waha Company for Technology Parks has top-quality infrastructure. The modern infrastructure integrates (1) redundant electrical system (uninterrupted power supply), (2) backup generators, (3) uninterruptible power source (UPS) units in case of blackouts, (4) fiber optics connectivity between buildings and (5) a communications hub.


Locations
 
 
Silicon Waha, Borg El Arab, Alexandria
 
Silicon Waha, Madinet El Sadat, Cairo-Alexandria Desert Road
 
Silicon Waha, Bani Suef
 
Silicon Waha, New Assiut, Assiut

Services
 
 
Provision of premises and land areas for electronics design and development companies and factories within the current technology zones in Borg El Arab, Assiut, Sadat City, and Beni Suef.
 
Providing buildings and lands at competitive prices (either office spaces renting or land usufruct right), subsidized by no less than 30% of the fees, including services’ prices as per the topmost limits.
 
Applying the maximum price increase, which includes service prices, by 5 % annually, within the terms of contracts with accepted investments and companies.

Eligibility
 
 
Local electronics assembly, IC design and Embedded systems companies (e.g. IoT specialty)
 
Full-time employment HR structure and not less than 5 employees
 
New investments in manufacturing are not less than EGP 5 million, with local manufacture not below 30%

Funding Provisions
 
A A company’s funding ceiling is EGP 10 million and increases to EGP 15 million when the company reaches 15% of its annual export revenue of annual returns.

B Funding the rental cost for 3 years under the ratios below:

Company Type Funding Ratio
Startup (company’s business model is scalable to expand in both local and global levels—age of company does not exceed 3 years) 40%
Not a startup 30%


C Granting industrial land in usufruct for 5 years as per the ratios below:

Home Manufacture Percentage
 Funding Ratio
50% 50%
40% 40%
30% 30%
Contact
 
 
For more information, contact Mr. Mohamed Maged on the following mail: mmaged@itida.gov.eg