Egyptian government primarily approves establishment of 'Tarboul' investment zone

CAIRO – 23 August 2023: The request submitted by GV Investment Group to establish an investment zone called Tarboul was primarily approved by the Egyptian government.

The approval came from the General Authority for Investment and Free Zones (GAFI) Tuesday. Nevertheless, the license will be issued after the approval of Prime Minister Mostafa Madbouli.

An investment zone is defined in Egypt as an industrial zone or a business park that is established and managed by the private sector.

Tarboul is planned to span over 26,000 feddans (one feddan equals 4,500 square meters), and house activities pertaining to the industrial, logistic, and finance sectors as well as shopping centers, office buildings, residential neighborhoods, and different services.  

The investment costs of the zone, to be located in Atfih northern Giza, are worth LE0.5 trillion, creating 750,000 jobs.

Egypt already has 11 investment zones stretching on a total of 2,400 feddans, comprising 1,269 enterprises whose value is LE34 billion, and securing 90,000 jobs. There are also five others under-construction in Cairo and Giza. Those extend on a total of 2,000 feddans, and will encompass 311 enterprises worth LE157 billion, providing 176,000 jobs.