The board of General Authority for Investment and Free Zones (GAFI), headed by Minister of Investment and International Cooperation Sahar Nasr, approved establishing four investment zones in governorates of Suez and Luxor.
Nasr affirmed the importance of working quickly on the development of investment zones and improve all facilities in, to be suitable to attract investors.
Nasr noted that the ministry is moving to establish a number of new investment areas in the governorates with the presence of all appropriate facilities to attract investors to invest in various regions of Egypt.
The Board approved the establishment of a specialized investment zone in the small and medium industries on an area of 744 feddans on the Ring Road in the area of Ataqa district in Suez Governorate.
The area includes food, paper, electronic, building materials, wooden, service and exhibition areas.
Furthermore, the board also approved the establishment of two investment zones specialized in the field of poultry production on an area of 650 feddans in the centre of Esna and 500 acres at Rizigat Centre, in Luxor, to produce meat with a total production of 27.500 0 tonnes annually.
During the meeting the board discussed the establishment of an investment area specialized in agricultural reclamation and its supplementary activities on an area of 4000 feddans in Rizeigat, in Arment in Luxor to produce number of important crops such as reeds, wheat, and maize.