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Tuesday, 16 July 2019

Egypt’s updated investment map includes 2000 new projects

Investment Minister Sahar Nasr unveiled the second phase of her ministry’s investment map yesterday, compiling an interactive directory of 2,000 new projects up for grabs across the country, according to a Cabinet statement. The projects include different types and sizes, including freezones, tech-dedicated, manufacturing complexes, national megaprojects, and SMEs. The megaprojects on the plan’s priority list are the new capital, the Suez Canal Economic Zone, New Alamein, New Galala City, the president’s 1.5 mn feddan initiative, and the Grand Egyptian Museum. The ministry had launched the first phase of the map with 1,270 projects last year.

The updated version of the map also offers new virtual services, including a virtual library containing digital texts of all investment-related legislation, said Malek Fawaz, the minister’s advisor for promoting investment. Prospective investors can also create online profiles which will allow for personalized pitches based on stated preferences, and the ability to compare between prospects, download brochures, and submit suggestions to further develop the map.

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