Cairo, December 7, 2025: 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.
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.