Egypt's General Authority for Investment and Free Zones okays establishment of 30 new projects

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Sat, 18 Jul 2020 - 01:54 GMT

One of Egypt's projects - Reuters

One of Egypt's projects - Reuters

CAIRO, July 18 (MENA) - The General Authority for Investment and Free Zones (GAFI) on Saturday approved 30 new projects set to be established within the CBC Egypt for Industrial Development investment zone in the 6th of October city.

GAFI Executive Director Mohamed Abd el Wahab directed the executive office of the zone to expedite the issuance of licences to enable these projects to start operations.

This came during a meeting with the board of directors of the CBC Egypt for Industrial Development Co., which affiliates to the GAFI.

The meeting reviewed the status of the 357-feddan investment zone.

Meanwhile, Abdel Wahab checked on the workflow of a set of projects in the investment zone and their compliance with the precautionary measures. 

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