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FINANCIAL NEWS
Ajman’s AFZ, Egyptian GAIF sign MoU
17 Nov 2014
(MENAFN) Ajman Free Zone (AFZ) announced it has signed a memorandum of understanding (MoU) with Egypt’s General Authority for Investment and Free Zones (GAIF) to enhance joint activities in the field of management of free zones and investment, Gulf News reported.
Ajman Free Zone said that it is always interested in exploring and seizing global investment opportunities, and is decisively moving towards investments that possess positive long-term returns to both AFZ and its partners.
GAIF said that it expects that this memorandum will play an important role in helping rebuilding Egypt’s economy, which has been struggling in recent years due to the unstable political situation the country was going through.
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