Economy Country October 23, 2024

Egypt Approves New Free Zone for Business

The Egyptian Cabinet has approved the establishment of a new free zone named "Gharas for Citrus Concentrates" during its weekly meeting, aimed at boosting the economy and attracting investments.


Egypt Approves New Free Zone for Business

The Ministerial Council of Egypt decided this week to create a special free economic zone for the company "Gerris for Concentrates and Fruits". This important decision was made during the weekly meeting of the ministers in the medium.

It is proposed that this free economic zone will contribute to the development of production in the country. Its creation should ensure a flow of investments and support economic diversity.

"This initiative is aimed at expanding production in the country and strengthening Egypt's position in the global market," noted the representative of the government.