FIFA President Infantino test positive for COVID-19    UN in Egypt at 75    Live score: Borussia Moenchengladbach v Real Madrid (UEFA Champions League)    Saudi Arabia holds off from backing action against France over cartoons    Sudan's Burhan arrives in Cairo, meets with Egypt's Sisi    No more 'good guys' as Tottenham show tougher side    Wind-whipped Southern California wildfires prompt mass evacuations, injure 2 firefighters    Coronavirus pandemic deepens Japan's demographic crisis    Child malnutrition reaches new highs in parts of Yemen: UN survey    Blast at Pakistani religious school kills seven, wounds more than 80    Egypt reports 167 new coroanvirus cases, 12 deaths on Monday    Oil drops 3% as virus infections, Libyan oil output rebound    Turkish lira leads EMEA FX losses as geopolitics, virus spike weighs    Polls reopen for second day in Egypt's new House elections    Ethiopia summons US ambassador over Trump comments in dam dispute    BREAKING: EU calls for resumption of Ethiopia dam talks    In photos: Egyptian celebrities attend opening of El-Gouna Film Festival's 4th edition    4th El-Gouna Film Festival kicks off despite 'hardships of the cinema industry this year'    Egyptian insurance companies' premiums 9.6% up in five months    Egypt's President Sisi names new head of anti-corruption watchdog    Egypt's c.bank offers 18 bln pounds T-bills on Sunday    EgyptAir offering discounts for some international flights    Egypt records 212 new coronavirus cases, 14 deaths on Saturday    Egypt to require PCR coronavirus tests for airport travelers    Egypt sends 125 tonnes of glass by sea to Beirut    Legend Messi officially wants to leave Barcelona, hands transfer request    Global smartphone sales drop 20% in Q2, yet Apple's iPhone sales steady    Sisi: Egypt keen on establishing development projects with Iraq, Jordan    Egyptian megastar Amr Diab releases new hit music video    Making of Harry Potter will be available for fans at new park in Tokyo    Egypt's Senate elections official results to be announced Wednesday    Netflix Egypt is bringing megastar Amr Diab back with a new original    Egypt reopens Rafah border crossing for first time since April    Egypt's senate elections 2020 trending on social media in few days    African Champions League final will be played on Oct. 16-17, CAF says    No room to delay Egyptian Premier League games – EFA's board member    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Zaha speaks out after online racial abuse    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





ITIDA Eyes Foreign Investments In Egypt's Free Zone
Published in Amwal Al Ghad on 20 - 12 - 2012

Information Technology Industry Development Agency (ITIDA) said it is targeting bolstering co-operation with the General Authority for Investment (GAFI) to attract foreign companies to benefit from the new building to be launched in Nasr City Free Zone. The Managing Director Yasser El Kady stated that ITIDA's main target is to attract Foreign Companies in order to benefit from Free Zone advantages representing in a number of tax and customs exemptions, pointing that the free zone provides the operating companies with high exporting opportunities to have an access to the global markets.
Moreover, He added to Amwal Al Ghad that the free zone enables the operating companies to market 15-20% of their products and services so as to benefit from both local and global markets.
El Kady further confirmed that the facilities provided by the industrial zone provides facilities that encourage the foreign investors to strongly return to the Egyptian market and make the country restore its global IT exporting position.
The General Authority agreed to establish a programming building in Nasr City Free Zone to be the first free zone specializing in the field of technology aiming to develop this vital sector which is famous for providing large number of jobs for youth, as well as re-targeting Egypt to its advanced position regionally and internationally in the field of outsourcing, and supporting the first step of transition to the economy Knowledge.


Clic here to read the story from its source.