The new zones will be located in 10th of Ramadan City, New October City, New Borg El Arab, and New Alamein City, and are expected to begin operations by the end of 2026.
Speaking at the Egypt–Bahrain Business Forum, Heiba highlighted Egypt’s many competitive advantages for investors, including a workforce of more than 32 million people, a highly diversified economy, a strategic geographic location, competitive tax rates, robust infrastructure, and trade agreements with nearly 70 countries, giving Egyptian goods and services access to around 3 billion consumers worldwide.
The new ventures are expected to generate approximately 16,000 direct job opportunities.
In an interview with Asharq Bloomberg, Heiba noted that part of this investment came from Saudi Arabia, the UAE, and Qatar.
According to a statement released by Egypt’s General Authority for Investment and Free Zones (GAFI), the new facility is expected to create 4,000 job opportunities.
