GAFI approves 30 new projects for CPC Egypt

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ArabFinance: The General Authority for Investment and Free Zones (GAFI) agreed on building 30 new projects by CPC - Egypt Company for Industrial Development in the investment zone, according to a July 18^th statement.

This came during a meeting with GAFI’s Executive Director Mohamed Abdel Wahab and the chairman of CPC Egypt’s investment zone, as well as other concerned authorities, to discuss the latest developments of the 357-feddan zone.

With investments exceeding EGP 2.8 billion, the investment zone includes 80 projects in total.

Abdel Wahab urged the relevant authority to issue the necessary licenses for the approved developments.

Meanwhile, GAFI’s official issued a decision to issue six-month licenses for new businesses, namely those manufacturing medical supplies, pharmaceuticals, and food commodities.

In May, GAFI said it would offer its economic performance services online as part of its digital transformation plan.

Last year, it was reported that CPC Egypt managed to sell 80% of its project in the 6^th of October area. The EGP 180 million development spans 1.5 million square meters.

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