Free zone
The new company will be erected at Alexandria's Abu Qir port, on an area of 597,000 square meters.
The meeting praised Egypt’s initiative of “Cairo Road Map for Enhancing Peacekeeping Operation” in supporting the balanced implementation in the UN peacekeeping system.
The visit comes within a framework of the State's investment in setting up more development projects in Upper Egypt.
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.
The decision was taken by Executive President of the General Authority of Free Zones and Investment (GAFI) Mohamed Abdel Wahab.
Egypt Today reviews most significant information about Nuweiba Free Zone.
The seven regions are expected to include more than 1,000 projects, which will contribute to the provision of about 120,000 jobs.
Prime Minister Mostafa Madbouli said Saturday the government's work program includes a key goal of improving the competitiveness of the country's industrial sector.
That is in addition to 10 MoUs in different sectors
President of Bari Port UgoPatroni said that Italy should follow Egypt’s lead.
A wrap-up of the most prominent business news of the day.
The government agreed on Sunday to establish a free-zone in Minya governorate in Upper Egypt.
A wrap-up of the most prominent business news of the day.
Investment Minister Sahar Nasr said the zone comes in light of the new investment law and the state’s plan to establish free zones in governorates.
The government agreed to establish a free-zone in Nuweiba city, announced South Sinai governor Khaled Fouda in a Saturday press conference.
Mona Zobea, Acting CEO of the General Authority for Investment is conducting field visits to a number of governorates to choose new investment and free zones.
A new free zone would be established on an area of 455,000 square meters adjacent to the Port of Safaga.
Nuweiba will host a public free zone, while the other investment zones will be in Sharm El-Sheikh and Qaliubiya.
The Ministry is currently planning to establish a free zone in Nuweiba, Minister of Investment Sahar Nasr said.
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