Egypt's President of the General Authority for Investment and Free Zones, Dr. Mohamed Awad, announced that the Abu Rawash investment zone's board of directors has approved the establishment of four major projects. These projects are part of the zone's plan to attract new investments and boost economic development. The approved projects include food packaging, logistics, and food manufacturing companies. The announcement was made during a meeting to review the zone's progress and assess its success in attracting new investments.
The four approved projects are: Best for food packaging, Nasita for logistics solutions, Predifast for food product manufacturing and trading, and Flexstock Egypt for warehouse management. These projects are expected to contribute significantly to the country's economic growth and provide thousands of job opportunities. The Abu Rawash investment zone is a key area for investment, with a comprehensive plan to establish 118 factories on a built-up area of 1.3 million square meters.
The Egyptian government has been working to improve the investment climate and provide incentives for investors. The Abu Rawash investment zone is one of the key areas for investment, with a total area of 2.1 million square meters. The zone's plan includes allocating the remaining area for utilities, services, and green spaces. The government aims to provide a favorable business environment and support investors in establishing and operating their projects.
The Al Ahli for Industrial Development Company, which is behind the four approved projects, has completed around 70% of the infrastructure and preparation work for the first phase. The company's Managing Director, Eng. Samah Gebra, praised the cooperation with the investment authority and the efficiency of the investment zone's system. He highlighted that the system allows for obtaining all necessary approvals through a single window.
The approved projects are expected to provide around 28,000 job opportunities in the industry, logistics, and training sectors. The total investment in the four projects is estimated at 14 billion EGP. The government aims to boost economic growth and create job opportunities through investment projects. The Abu Rawash investment zone is expected to play a significant role in achieving these goals.
Dr. Mohamed Awad emphasized the importance of cooperation between the investment authority and investors to achieve the desired goals. He highlighted that the authority is committed to providing support and facilities to investors. The approved projects are expected to contribute to the country's economic growth and provide a positive impact on the surrounding areas.
The four approved projects in the Abu Rawash investment zone mark a significant step towards boosting economic growth and creating job opportunities in Egypt. The projects are expected to have a positive impact on the country's economy and provide a favorable business environment for investors. The government aims to continue attracting investments and providing support to investors to achieve sustainable economic growth.
Key points
- The Egyptian government has approved four major investment projects in the Abu Rawash investment zone, with a total investment of 14 billion EGP.
- The projects are expected to provide around 28,000 job opportunities in the industry, logistics, and training sectors.
- The Abu Rawash investment zone is a key area for investment, with a comprehensive plan to establish 118 factories on a built-up area of 1.3 million square meters.
