🇪🇬EgyptNorth Africa
Egypt to promote investment zones after attracting LE 66.3 billion and achieving 90% occupancy
via Egypt Today1 min read
Egypt's Ministry of Investment and Foreign Trade announced a three-month nationwide campaign to promote investment zones, following their success in attracting approximately LE 66.3 billion in investments across 12 zones. These zones have created over 77,500 direct and indirect jobs and boast an occupancy rate of nearly 90 percent. The campaign aims to highlight the zones' contributions to employment, production capacity, export growth, and their geographic distribution. Minister of Investment and Foreign Trade, Mohamed Farid Saleh, stated that the investment zone model, which operates alongside free and technological zones, has proven effective in attracting investment, with the high occupancy rate reflecting strong investor confidence. He added that these zones operate on public-private partnerships, facilitating faster project execution and streamlined services through a one-stop-shop system. The government plans to expand this model to meet increasing demand and enhance the investment climate in line with Egypt Vision 2030.
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This summary was AI-generated from a story originally published by Egypt Today.
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