Egypt's GAFI to offer 403 investment opportunities in Qaliubiya, Giza soon

Projects are part of the ministry’s exerted efforts to support the Egyptian industrial sector

  

The General Authority for Investment and Free Zones (GAFI), of the Ministry of Investment and International Cooperation (MIIC) will offer 403 investment opportunities in Benha, Qaliubiya, and Al-Saff, Giza shortly, said Minister Sahar Nasr, adding that the offerings’ details will be announced immediately after the approval of GAFI’s board.

“There are about 225 diversified projects in Al-Saff investment zone that will be operating in the services, commercial, and industrial sectors to offer 3500 job opportunities, while Benha investment zone includes 178 projects in the agricultural and food processing sectors with expected 3500 job opportunities,” Nasr mentioned.

Nasr delivered 30 industrial units for the investors in Meit Ghamr investment zone out of a total 107 industrial units, last Thursday. These projects are part of the ministry’s exerted efforts to support the Egyptian industrial sector while land areas of the units in Meit Ghamr zone range from 144 m² to 576 m².

Meit Ghamr investment zones’ occupation will exceed 80% in the first quarter of 2020, said Nasr asserting her support to the small investors in coordination with the Micro, Small, and Medium Enterprises Agency (MSMEDA) to provide them with the needed funds and help them expand their businesses.

“The Meit Ghamr investment zone is at the world’s highest levels while Benha and Al-Saff investments zones will follow suit,” the Minister assured.

Mohamed Abdel Wahab, GAFI’s acting  CEO, asserted that his authority is responsible for solving any challenges that might face investors before and after delivering the new investment zones’ units.

“GAFI and MIIC decided to be the developer of the investment zones for the first time in 2017 while Meit Ghamr investment zone is the first output of this decision,” Abdel Wahab mentioned.

For their parts, investors of the Meit Ghamr investment zone praised the good services and utilities provided through GAFI.

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