FINANCIAL NEWS

Egypt to tender 8 trade zones in October

13 Sep 2010

(MENAFN) Egyptian Trade Minister Rachid Mohamed Rachid said that the government plans to tender 500 million square meters of land for specialized trade zones next month, part of a plan to boost internal trade and lure more investment, MENA news agency reported.

The eight zones, located in six governorates, are expected to attract about $132 million worth of investments, according to the minister.

Bidding will be open to local and foreign investors. It will last from October 1 to November 30, with contracts awarded in December.

The ministry plans to issue a second tender by the end of the year to raise the number of such zones to 16 in governorates including Port Said, Beni Suef, Tanta, and Mansoura.

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