27 January 2023 07:23 AM

Investment Zone in Meet Ghamr

Tuesday، 11 October 2022 - 10:30 PM

The investment zone in Meet Ghamr is built on an area of 18 feddans, at a cost of 418 million pounds. It is dedicated to support economic and social development in Egypt, while aiming to attract foreign investment, encouraging local investment and generating job opportunities.

Chief Executive Officer (CEO) of the General Authority for Investment and Free Zones (GAFI) Counselor Mohammed Abdel Wahab said that the Meet Ghamr Investment Zone will include mineral, industrial units with areas starting from 144 square meters to 576 meters.

Abdel Wahab pointed out that these projects are part of GAFI's efforts to support the Egyptian industrial sector as lands of such units will be offered for investors on a usufruct basis for 15 years and can be renewed.

GAFI board, under the chairmanship of Prime Minister Mostafa Madbouli, has agreed on offering more facilities and motivating measures to investors in the zone in order to encourage young investors to book their units.

Abdel Wahab followed up the workflow of all units in Meet Ghamr Investment Zone which operate in the fields of metal forming; engineering industries; manufacturing of flashlights; aluminum forming; paper trading and cutting; plastic products and sanitary ware; manufacturing equipment of ice production lines; display refrigerators; coolers; and assembling electrical appliances; as well as detergents manufacturing.

The medium, small and micro enterprises development agency provides finance for projects in Meet Ghamr Investment Zone reaching nearly EGP 10 million for purchasing the new equipment and machines necessary for the projects’ operation.

GAFI provides facilities for projects including issuance of all approvals and licenses under easy procedures, advantages and exemptions for projects without registration in the industrial register and removal of all obstacles in face of projects.

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