Egypt approves new special economic zone for citrus concentrates

CAIRO – 23 October 2024: The Egyptian Cabinet has given the green light for the establishment of a new special economic zone dedicated to the production of citrus concentrates. The zone, named "Ghrs for Citrus Concentrates," will be situated on a 10,000 square meter plot within Port Said's industrial area.

According to the approved decision, the special economic zone will exclusively focus on the production of citrus concentrates. The company operating within this zone is mandated to export 100% of its annual production and to utilize 100% locally sourced ingredients.

Additionally, the company must adhere to stringent safety standards, including industrial security, civil defense, and fire prevention, as outlined in Egyptian regulations. Environmental clearance from the Egyptian Environmental Agency is also a prerequisite.

The General Authority for Investment and Free Zones will be responsible for overseeing the operations of the special economic zone, ensuring compliance with all regulations and the smooth execution of its activities.

With an estimated investment of $10 million, the project is expected to generate over 300 jobs. The initial phase of the project is projected to yield an annual production of 2,500 tons.