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FINANCIAL NEWS
Egypt’s Minya free zone to see USD750m revenue by 2015-end
01 Oct 2015
(MENAFN) A recent General Authority for Investment (GAFI) report has outlined the details of establishing a free zone in Minya in Egypt.
The free zone, which will be a regional zone for industrial exports, will be located on an area of 306.7 acres in the expansion area south of East Minya’s industrial zone.
The zone’s development investment costs will reach USD57.3 million, and will be implemented in three phases over a maximum of 10 years.
The report outlined that the project expects to see revenues of USD750 million by the end of the last phase’s implementation, with 200 investment projects to be established.
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