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Egypt operates 7 investment zones at EGP 29.5bn

Egypt operates 7 investment zones at EGP 29.5bn
A total of 800 projects are operating in these zones

Cairo – Mubasher: Egypt has developed and operated seven investment zones spanning over a combined area of 2,142 feddans with total investments of EGP 29.5 billion, the executive chairman of the General Authority For Investment and Free Zones (GAFI) Mohamed Abdel Wahab said.

The number of projects operating in these investment zones reached 800 with about 75,000 employees, Abdel Wahab said in a statement released by the Egyptian cabinet on Sunday.

 Currently, 11 new investment zones are being built and developed in various sectors including, logistics, education, industry, service, and entertainment.

These new zones are expected to create about 208,000 jobs and attract EGP 78 billion worth of investments.

GAFI has developed three investment zones for small- and medium-sized enterprises (SMEs) in El-Saf, Mit Ghamr, and Benha. Total investments in these zones reached EGP 3 billion.