New Valley in Egypt- CC via Wikimedia
CAIRO- 17 April 2020: Egypt’s cabinet has approved the establishment of a free zone on Abu Tartur Plateau in the Western Desert of Egypt’s Al Wadi Al-Gadid (New Valley governorate), the cabinet announced in a statement on Friday.
The free zone will be established on an area of 561,000 square meters, the statement added, noting that the area will include two big factories for sulfuric and phosphoric acid production.
In May 2019, the government announced the establishment of seven new free zones in order to attract more investors and increase exports and productivity.
It added that the construction plan includes areas in Minya, South Sinai, New Ismailia, craftsmen “El-Herafeyeen” in Giza, Gamasa in Dakahlia, Aswan, and Kafr El-Sheikh.
The seven regions are expected to include more than 1,000 projects, which will contribute to the provision of about 120,000 jobs.