Penalties to be imposed to eliminate land hoarding: Minister

Deputy Prime Minister for Industrial Development and Minister of Transport and Industry Kamel el Wazir said that unprecedented penalties will be imposed in order to eliminate land hoarding. Measures will be taken to legalize the conditions of factories built on agricultural lands, he added during his meeting with investors at the premises of the General Authority for Industrial Development. Such meetings comes as part of ensuring that investors and industrialists obtain industrial licenses according to specific measures to encourage industrial investments, he further said. Source: State Information Service Egypt