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Economy

Minister of Investment visits investment zones to enhance production and export capacities

Existing investment areas are 12 in 6 provinces with 1273 projects with a investment volume of £66.3 billion and 77500 jobs.

Samia al - Faqi

As part of the field tours conducted by the Good-Need Engineer, Minister of Investment and Foreign Trade of the governorates, working to support domestic investment and to overcome any impediments that may be encountered in the work of investors, the Minister of Investment and Foreign Trade is conducting a field tour of the investment areas of Benha, Al-Qulebay governorate, and the city of Met Ghmer, Dahhaliyah, in order to determine their functioning and to explore ways to strengthen their productive and export capacities.

During his tour of the day, the Minister is accompanied by Engineer Ayman Attiya, Governor of Al-Quliya, General Tariq Marzouk, Governor of Daqhaliyah, Engineer Mohamed Al Josaki, Executive Chairman of the General Investment Authority, and General Yasser Abbas, Deputy Executive Chairman of the General Investment and Free Zones Authority.

The objective of the visit is to follow up on the functioning of the investment areas and to meet with their investors, where investment zones are one of the systems that build on the integrated development model and include the establishment of investment pools that include industrial, commercial, service and logistical activities.

Investment through investment zones provides land and fully equipped units, contributing to integrated development across sectors by providing a prefabricated and entrepreneurial environment, where the investment area system allows for all licences, approvals and permits for investors through one, the General Investment Authority.

The number of existing investment areas is reported to be 12 in 6 governorates with 1273 projects with an investment volume of £66.3 billion and 77500 jobs.

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