Thirty-six ready-to-use production units are now available — from 2,000-square-metre warehouses to smaller workshops of around 100 square metres — waiting for investors to transform them into fully operational factories. The Egyptian government has launched the second phase of investment in Robbiki Leather City, the industrial hub on the outskirts of Cairo built to support the urban regeneration of the capital’s historic tanning district. According to an official statement, the package of incentives and support measures aims to attract international partners and raise the profile of Egypt’s leather goods offering.
Investing in Robbiki
As reported in the May issue of La Conceria, Robbiki Leather City — for which Assomac acts as advisor — is designed to become a leather cluster inspired by the Italian model. The Ministry of Industry describes the first investment phase as “a great success”. Cairo is now offering not only favourable credit conditions, but also attractive terms for foreign investors to occupy the 36 available production units. Buyers can benefit from “six-year payment plans with an interest rate of 5%, including a one-year grace period”. Meanwhile, tenants are required to “pay just three months’ rent upfront, with an additional three-month grace period before payments begin”.
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