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بوابة الفجر
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Cabinet approves remote work and new investment zone
The Egyptian Cabinet, headed by Prime Minister Mostafa Madbouly, approved several decisions to boost the economy and infrastructure. Among the most notable are the continuation of remote work arrangements through August 2026, and the establishment of a new investment zone worth 1.4 trillion Egyptian pounds spanning 506 feddans in New City, which will include residential, commercial, administrative, and tourist projects, potentially creating around 55,000 direct jobs. Additionally, approval was given for a logistics project at Alexandria Port to receive and store chemical raw materials, along with a 1% reduction in the minimum university admission threshold in Sinai. Expansion of the electricity networks using European funding was also approved. A Higher Council for Social Consultation and a fund to support informal workers were established. The cabinet also approved organizing an international exhibition in Chicago focused on Egypt's submerged cities, signed an agreement with a UAE-based company to produce 407 MW of wind energy, and granted permission for the maintenance of Egyptian ambulances.
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