ArabFinance: The General Authority for Investment and Free Zones (GAFI) has initially approved 10 projects for establishing new companies and expanding existing ones at the free zones during September and October, with capitals amounting to $50 million and investment costs of $148 million, GAFI CEO Mohamed Abdel Wahab announced.

Abdel Wahab said that five companies increased their capital at a total of $10.6 million, while 12 others increased their investment costs at a total of $111.4 million during the past two months.

He added that 10 projects were carried out at the new investment zones in September and October with a capital of EGP 75 million, offering 2,950 job opportunities.

He further noted that preparations are underway to hold a business forum in Hungary in December to review investment opportunities available in Egypt.

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