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Total investments of free trade zones hit $26 b by end of July
The Egyptian Gazette Published in The Egyptian Gazette on 06 - 09 - 2018

CAIRO, Sept 6, 2018 (MENA) - Investment Minister Sahar Nasr said total investments of free trade zones managed by the General Authority for Investment & Free Zones (GAFI) hit $26 billion by the end of July.
The combined capital of projects there reached $11.3 billion in addition to $ 2.1 billion direct foreign investments, she said, noting that the projects created about 192,000 jobs.
She added that commodity exports reached $ 4.9 billion, while service exports stood at $ 4 billion.
General trade zones of Suez, Ismailia and Alexandria were renovated, she said, noting that more zones are being upgraded.
She noted that the government is keen on pumping investments into areas in need of economic growth, topped by Sinai and Upper Egypt.
She added that Investor Service centres are being set up in Upper Egypt's Qena, Menya and Luxor as well as Fayyoum, Ismailia, Sharm el Sheikh, New Valley and Hurghada.

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