Investment Zones In Egypt

The egyptian government announced the establishment of seven new free zones in order to attract more investors and increase exports and productivity. General authority for investment and free zones and dakahlia governorate the announcement of the launch of 155 vacant plots of land for.

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In addition to free zones system egypt introduced more investment opportunities by creating the new special economic zones under the special economic zones law no.

Investment zones in egypt. Egypt plans to establish 12 investment zones creating 500 thousand direct and indirect jobs and attracting investments worth le78 billion minister of investments and international cooperation sahar nasr said friday. According to the minister the 12 investment zones will attract investments worth le78 billion and create 500 000 direct and indirect jobs. 12 new investment zones are under constructions in cairo qalyubia sharqia alexandria el fayoum giza dakahlia and damietta.

Cairo 12 may 2019. Moreover gafi targets to establish six investment zones during the coming years in suez qalyubia aswan luxor and cairo with investments of le 70 billion according to nasr. This system is applied by the general authority for investment and free zones gafi.

Egyptian minister of investments and international cooperation sahar nasr has announced a government plan to establish about 12 investment zones in the north african nation. In egypt the free zone system is regulated by incentives and securities of investment law no 8 of 1997 its executive regulation and modifications. Stimulate entrepreneurship and sme.

Support and accelerate the development of competitive strategic clusters and investment zones. The general authority for investment and free zones gafi has approved 22 new projects at the idg e square investment zone in 6th of october with a total capital of over egp 600m. The general authority for investment and free zones gafi cairo 8 november 2019.

It added that the construction plan includes areas in minya south sinai new ismailia craftsmen el herafeyeen in giza gamasa in dakahlia aswan and kafrel sheikh. Promote egypt s promising economic sectors for the purpose of attracting foreign investments reinvestments and expansions. She noted that gafi has established five investment zones in giza and sharkia including 259 projects with investments worth le 11 billion and around 59 000 workers.

According to the regulations while the free zone areas are located in egypt they are considered to be. These areas are targeting different fields of development biotechnology higher education scientific research small and medium industries in handicrafts and furniture industry. Other zones include those in port said alexandria nasr suez ismailia and damietta.

More details egypt s investment map offers opportunities in an array of sectors and across various geographies covered by strong incentives under egypt s investment law. Facilitate and provide services to investors through gafi s one stop shops.

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