GAFI board approves establishing 3 investment zones in Egypt

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Wed, 11 Oct 2017 - 10:12 GMT

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Wed, 11 Oct 2017 - 10:12 GMT

Minister of Investment Sahar Nasr- File Photo

Minister of Investment Sahar Nasr- File Photo

CAIRO - 11 October 2017: The board of the General Authority for Investment (GAFI) under Investment Minister Sahar Nasr approved establishing a 36-feddan investment zone in Qalubiya for small and medium enterprises.

The board approved two requests filed by Majid Al Futtaim Company to establish two investment zones in 6th of October city and Almaza in Cairo to establish investment projects including brand and local shops.

The board discussed the measures taken by the ministry to develop the investors’ service center.

Nasr said that the ministry is working on facilitating all measures for the investors and removing any obstacles facing them, asserting that the ministry supports small and medium enterprises, initiatives of entrepreneurship and establishing investment and free zones in all the Egyptian governorates.

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