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Monday, 1 July 2019

Egypt’s GAFI set to complete six freezones this fiscal year

The General Authority for Freezones and Investments (GAFI) is set to complete six customs-exempt special economic zones (SEZs) in FY2019-2020, GAFI head Mohsen Adel tells Al Masry Al Youm. The plan includes “Egypt’s largest” mixed-use SEZ in Tenth of Ramadan City, which the authority will develop in partnership with the New Urban Communities Authority (NUCA). Other zones in the pipeline include another mixed-use SEZ in Aswan, the Minya textiles SEZ, a zone in Giza’s El Herafyeen dedicated to making electronics, and another one in Kafr El Sheikh specialized in petrochemicals and plastic.

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