Cairo – Mubasher: The Egyptian Ministry of Investment and International Cooperation as well as the General Authority for Investments (GAFI) announced the establishment and offering of 225 projects in El Saf Investment Zone.

The sizes of the fully-finished projects, including 204 handicraft units and 21 exhibitions, range from 30 square metres to 300 square metres per unit, according the ministry’s statement on Tuesday.

The required approvals and licenses will be issued by the GAFI, while the specifications and requirements brochure for El Saf Investment Zone will be available starting from Tuesday, 17 December 2019, until Tuesday, 31 December 2019.

The ministry stressed that the deadline for receiving the offers, whose applications are set to be submitted online or through the Investor Service Centre, is scheduled on Wednesday, 15 January 2020.

Units will be offered under usufruct scheme for a renewable 15-year period.

It is noteworthy to mention that Small and Medium Enterprises Development Authority (SMEDA) provides funding up to EGP 10 million to entrepreneurs to help them purchase machines and equipment or provide working capital, with a six-year repayment period and a grace period up to one year.