08 March 2021 08:14 AM

GAFI: High turnout on booking industrial units at investment zones in Banha, Meit Ghamr

Tuesday، 23 February 2021 - 04:25 PM

Chief Executive Officer (CEO) of the General Authority for Investment and Free Zones (GAFI) Counselor Mohammed Abdel Wahab said a high turnout has been recorded in the bookings of industrial units at the investment zones of Banha and Meit Ghamr.

In statements on Tuesday, GAFI chief said more than 133 units have been booked in the first week of the second phase of offering industrial units with full utilities at the investment zones in Benha and Meit Ghamr cities.

Counselor Abdel Wahab said the investment zones will include industrial, agricultural and food units with areas ranging between 240 to 360 square meters, while the Meit Ghamr Investment zone will include mineral, industrial units with areas starting from 144 square meters to 576 meters.

These projects are part of GAFI's efforts to support the Egyptian industrial sector as lands of such units will be offered for investors on a usufruct basis for 15 years and can be renewed, he added.

He added that the offers will be effective as of the day of announcement, which started on Feb.14 and runs till March 15, and applicants can apply for such units after buying the tender books to get acquainted with the conditions and terms.

GAFI board, under the chairmanship of Prime Minister Mostafa Madbouli, has agreed on offering more facilities and motivating measures to investors in such two zones in order to encourage young investors to book their units.


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