Egypt to set up 6 new free zones in 2025: Heiba

$CAIRO, EGYPT - September 24: The Four Seasons Hotel and the Grand Nile Tower Hotel on September 24, 2017 in Cairo, Egypt. Overview photos of Cairo\\'s buildings, cityscape and infrastructure from above taken from Cairo Tower in Zamalek. (Photo by David Degner/Getty Images) Image used for illustrative purpose. , Getty Images$

CAIRO, EGYPT - September 24: The Four Seasons Hotel and the Grand Nile Tower Hotel on September 24, 2017 in Cairo, Egypt. Overview photos of Cairo's buildings, cityscape and infrastructure from above taken from Cairo Tower in Zamalek. (Photo by David Degner/Getty Images) Image used for illustrative purpose.
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Two of these zones were already licensed but have not been activated yet, Heiba noted

Staff Writer, Arab Finance

October 7, 2024

PHOTO
CAIRO, EGYPT - September 24: The Four Seasons Hotel and the Grand Nile Tower Hotel on September 24, 2017 in Cairo, Egypt. Overview photos of Cairo's buildings, cityscape and infrastructure from above taken from Cairo Tower in Zamalek. (Photo by David Degner/Getty Images) Image used for illustrative purpose.

The Egyptian government is planning to establish six new free zones over the coming year, the General Authority for Investment and Freezones’ (GAFI) CEO Hossam Heiba told Asharq Business.

Two of these zones were already licensed but have not been activated yet, Heiba noted.

Heiba revealed that the country is looking to double its investments into free zones, adding that 1,300 companies are currently operating in the free zones, which represent 22% of Egypt’s exports.

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