Total investment in Egypt’s capital-incentivising “free zones” reached US$26 billion by the end of July, according to Investment and International Cooperation Minister Sahar Nasr on Thursday. Nasr claimed that the number of projects operating in these zones reached 1,093, of which 889 are in public free zones, and 204 in private free zones. Public free zones have been developed in Suez, Ismailia, Alexandria and the Free Media Zone. The development of public free zones in Nasr City, Alexandria, Port Said, Qeft, Suez, Shebin al-Koum is underway, Nasr announced. They would be the first free zones created in Egypt since 2005, Nasr pointed out.

Source: Egypt Independent September 07, 2018 09:45 UTC