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Cabinet approves $207.38M new private free projects

The Egyptian cabinet, chaired by Prime Minister Mostafa Madbouly, has greenlit three new projects to operate within the private free zone system, with a combined investment of $207.38 million.

Updated 9/28/2025 8:35:00 AM
GAFI’s Chairman reveals reason for establishing free zone in Ras El-Hekma

The General Authority for Investment and Free Zones (GAFI) has clear criteria for establishing free zones, the authority’s CEO Hossam Heiba said, noting that these zones are a key attraction for foreign investors looking to invest in Egypt. During his speech at a seminar hosted on May 21st by the Egyptian Center for Economic Studies, titled "Where Do Free Zones in Egypt Stand Compared to Competitive Models in Türkiye and the UAE?", Heiba explained that the Ras El-Hekma project was approved for a free zone because its objectives are clear and it operates in accordance with Egypt's investment system.

Updated 5/22/2024 9:39:00 AM
Cabinet ratifies draft on establishing private free zone in Safaga

The Egyptian Cabinet has approved a draft resolution on the establishment of a private free zone, dubbed Suez Canal Company for Modern Boats, south of Safaga.

Updated 4/18/2024 1:49:00 AM