Last Update 21:59
Monday, 18 November 2019

Total investments of free trade zones hit $ 26 bln by end of July: Investment Minister

MENA and Ahram Online , Thursday 6 Sep 2018
International Cooperation Minister Sahar Nasr	(Al-Ahram)
International Cooperation Minister Sahar Nasr (Al-Ahram)
Views: 3991
Views: 3991

Egypt's Investment Minister Sahar Nasr said that the total investments of free trade zones managed by the General Authority for Investment & Free Zones (GAFI) hit $ 26 billion at the end of July.

Nasr affirmed that the combined capital reached $ 11.3 billion, in addition to 2.1 billion dollars of foreign direct investments, noting that the projects created about 192,000 jobs.

The minister added that commodity exports reached $4.9 billion, while service exports stood at $4 billion.

The general trade zones of Suez, Ismailia and Alexandria were renovated, highlighting that more zones are being upgraded as the government is keen on directing investments into areas in need of economic growth, particularly Sinai and Upper Egypt.

Nasr added that Investor Service centers are being set up in Qena, Minya and Luxor in Upper Egypt, as well as Fayoum, Ismailia, Sharm el Sheikh, El Wadi El Gadid (New Valley) and Hurghada.


Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.