Egypt to establish 12 investment zones

CAIRO – 8 November 2019: Egypt plans to establish 12 investment zones, creating 500 thousand direct and indirect jobs and attracting investments worth LE78 billion, Minister of Investments and International Cooperation Sahar Nasr said Friday.
Nasr added while witnessing the signing of a protocol between the General Authority for Investment and Free Zones (GAFI) and the National Bank of Egypt that The protocol aims at boosting cooperation between GAFI and the National Bank of Egypt in developing the Small and medium-sized enterprises (SME).
The protocol will introduce a package of services including finance, and consultancy.
The Investment Ministry also plans to establish seven free zones, which are expected to create around 120 thousand jobs in Minya, South Sinai, New Ismailia, Aswan, Kafr el Sheikh and other places, the minister added.