$ 830 million to finance six new investment projects
Egypt, Economics, 2/19/2002

"Six new projects have been approved to operate under the free zone system with Egyptian, Italian and British investments amounting to $ 830 million," said Mohamed A1Ghamrawi, Chairman of the General Authority for Investment and Free Zones (GAFI).

These include three projects operating in the field of liquefying natural gas with the aim of orienting production for export in foreign markets under Giza free zone system.

"The fourth project will be set up over an area of 3,000 square meters in Alexandria general free zone for operating and maintaining of oil refineries," Ghamrawi said.

He added that the fifth venture will be established over an area of 1,000 square meters in Alexandria general free zone for extending technical services to oil companies, whereas the sixth project will be set up in Nasr City free trade zone for the service of free zone projects.

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