GAFI approves 31 new projects with investments of $1.1 billion

CAIRO – 22 November 2020: Chief Executive Officer of the Egyptian General Investment Authority (GAFI) Mohamed Abdel Wahab, revealed that 31 new projects were approved during the first nine months of 2020.

Abdel Wahab stated in a statement that the investment costs of these new projects amounted to $ 1.1 billion, and the capital of $ 417 million, during the period from January to September.

He stressed the activity of free zones, which witnessed stability in foreign exports despite the repercussions of the Corona virus.

CEO of GAFI  pointed out that the governorates of Cairo, Giza, Sharkia and Damietta include 7 investment areas, with 938 projects in several sectors, with investments of LE 29 billion, and 75,000 job opportunities.