In 2007, Samcrete established its industrial arm «Industrial Development Group» IDG, a shareholding company with joint Egyptian/German/American investments; 80% being the Egyptian contribution and 70% being contributed by Samcrete.
In October 2007, IDG signed a contract with the Ministry of Trade and Industry represented by the Industrial Development Authority “IDA” for the development of the first engineering and automotive industrial park in Egypt “e2” over a gross land area of 2 million square meters under the "Public Private Partnership - PPP" framework within the first phase of “Egypt’s Industrial Zones Development Program”.
After the big success achieved in the first phase of the project, an extension of 1.1 million square meters has been awarded to IDG in September 2009 within the second phase of the program where IDG was ranked “First Offer”.
The objectives of the project are:
- to create investment zones for various industries to be an added value to the Egyptian economy,
- to adopt the latest technology of alternative energy (solar energy)
- to participate in Government’s future plans to enhance and develop the industry and create job opportunities
- to plan an establishment of new zones for small-scale industries that provide an appropriate work environment with all necessary facilities to attract small manufacturers.