Egypt's newly-named Prime minster Mostafa Madbouly talks at Egypt Mega Projects MEED Conference in Cairo, Egypt, December 8, 2015. REUTERS/Mohamed Abd El Ghany
CAIRO - 13 August 2018: Prime Minister Moustafa Madbouli said on Monday there are ample promising investment opportunities in four major projects in Tenth of Ramadan City.
The four projects are the Regional Services Center, the Knowledge City, the Central Money and Business Area and the New Zaqziq Area, Madbouli said in a statement.
The Tenth of Ramadan City's development agency is now working on providing these four projects with needed utilities, he said, urging investors willing to pump their money in these projects to come forward and present the feasibility study of their would-be projects and their companies' portfolios.
Tenth of Ramadan City has many promising investment opportunities given its distinguished location, good infrastructure and the full services it enjoys, Madbouli said.
Abdel Monsef Refai, head of the city's development agency, said the first project, the Regional Services Center, covers 1,430 feddans and it includes a huge center for regional services and retail trade, a hypermarket, factories' outlet stores, entertainment centers, international schools, a smart village and luxurious flats.
The project aims at turning the city into an investment hub and luring more investments to serve the residents of the city, he added.
The second project, the Knowledge City, covers 1,915 feddans and aims at setting up an educational city serving national industry, preparing high-level cadres operating in different industrial domains and establishing a hub for education and researches, Refai said.
The third project, the Central Money and Business Area, covers 765 feddans and aims at enhancing economic activities in the city. This area will be very important as it is located near important harbors and will provide 32,000 jobs, he added.
The fourth project, the New Zaqziq Area, covers 9,000 feddans and includes private universities, entertainment areas in addition to health, educational, sports, investment and housing services.
There are 2,056 projects in the area with investments of 28.1 billion pounds and a 34-billion-pound annual production.
Some 1,028 factories are now under construction in the area with an expected production of 2.7 billion pounds annually.