free zones
Chairman of the General Authority for Free Zones and Investment (GAFI) Hossam Heiba met Wednesday with Emirati Ambassador Mariam Khalifa al-Kaabi.
Qobrsi of the General Authority for Investment and Free Zones highlighted the role of the private sector in increasing the competitiveness of African economies.
Nasr clarified that the commodity exports hit $8.3 billion, while service exports reached $6.4 billion.
The Ministerial Committee for Resolution of Investment Disputes settled number of investment-related disputes worth LE 13 billion over the last year
Constructing new free zones would improve the investment climate of the country.
The projects will involve building an aluminum factory in Mit Ghamr, refractory materials’ facilities in El-Saf and food industries factory in Benha.
The Investment Minister said that investors now have three options to establish their businesses.
Sahar Nasr visited the waste water treatment project in Alexandria, financed by the German Development Bank at a value of €91.5 million.
Ten petroleum and transport companies are planned to be offered for trade on the Egyptian Exchange (EGX) in the next three years.
The minister reviewed the 406 development projects in the free zone, at total capitals of $3.5 billion and investments of $9.9 billion.
The government wants to convert free zones into business hubs that can help the country attract more direct investment.
Export deals from the Port Said free zone recorded $ 690 million in 2016, Minister of Investment Sahar Nasr said Saturday.
The Parliament approved a long-awaited investment law on Thursday after passing the last four articles that saw several debates and discussions.
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