Cairo – Mubasher: The Egyptian government has offered 12 new investment opportunites in eights governorates to local and international with total target investments of more than EGP 40 billion.

The offered projects are set to be located on 405 feddans, according to a cabinet statement.

Around 11 local, regional and international companies have acquired documents of bidding requirements.

The investment opportunities have been announced in a ceremony attended by Ali El-Moselhi, Minister of Supply and Internal Trade, and Ibrahim Ashmawy, Deputy Minister of Supply and Chairman of the Internal Trade Development Authority (ITDA).

El-Moselhi announced the availability of new investment opportunities for local, regional, and international companies engaged in the establishment, development, management, and operation of various commercial and logistical zones.

These opportunities are expected to create thousands of job openings, particularly targeting the employment of young people, he added.

For his part, Ashmawy elaborated that the total area of the new investment opportunities spans 405 feddans across 8 governorates.

Ashmawy added that ITDA has developed an ambitious investment map for various logistical and commercial activities, aiming to address the commercial, marketing, and service needs of each governorate.

This map is based on economic indicators, social standards, and consumption patterns, including population density, purchasing power, and the unique characteristics of each governorate, he noted.