Investment Minister Announces 9 New Zones
The Egyptian Minister of Investment and Foreign Trade, Dr. Mohamed Fared, stated that the government intends to establish 8 to 9 new investment zones over the next two to three years, aiming to promote development in the governorates, attract investments, and create job opportunities close to the population. This is part of a plan to improve the business environment, develop legislation, and streamline investment procedures by adopting sector-specific approaches, developing an economic data collection system, and enhancing transparency and governance. The minister also pointed out the government's investment in unified digital platforms, such as the Economic Entities Platform, to support company formation and facilitate licensing processes. Additionally, he highlighted the support for the Egypt Sovereign Fund to maximize returns from state-owned assets. The state is implementing structural reforms to boost competitiveness and improve the investment climate, emphasizing the importance of infrastructure and Egypt’s strategic location to attract foreign investments.
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