General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment &...
Transcript of General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment &...
![Page 1: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/1.jpg)
General Authority for
Investment & Free Zones
![Page 2: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/2.jpg)
ho re e
![Page 3: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/3.jpg)
Who is GAFI
Establishment & Role
•Working under the umbrella of Ministry of Investment & International Cooperation (MOIC), the
General Authority for Investment & Free Zones (GAFI) was established in 1971 to be the principal
governmental authority concerned with regulating & facilitating investment in Egypt.
Vision
• Advanced governmental authority that provides outstanding services for investors and attracts major investments to Egypt to achieve Sustainable Development.
Framework
• GAFI’s operation is based on seven main pillars, as follows:
![Page 4: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/4.jpg)
Institutionally supporting Small &
Medium Enterprises through Bedaya Centre for Entrepreneurship &
SMEs Development
Establishing Investment Zones to accelerate
the expansion of competitive strategic
clusters
Establishing, managing &
developing Free Zones to help increase Egyptian
exports
Promoting Egypt’s
potential sectors and
investment opportunities
to attract investments
Regulatory under
the provisions of
Investment and
Corporates Laws
Providing & developing
various investment services
through the One-Stop-Shop
GAFI Framework
Settling Investor’s
disputes and
problems
![Page 5: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/5.jpg)
The Way Forward
Egypt started its political transformation
triggered by its people calling for social
justice paralleled with economic
development
![Page 6: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/6.jpg)
hy gypt
![Page 7: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/7.jpg)
Why Egypt?
Central location & proximity to
the global market
Access to a large consumer
base in Egypt and beyond
Large pool of trained and
skilled labor
Revamped infrastructure base
Abundance in natural
resources
Competitive tax rates
Growing economy
• Gate to Africa &
the Middle East
• Center of the
World
Location
![Page 8: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/8.jpg)
Central location & proximity to
the global market
Access to a large consumer
base in Egypt and beyond
Large pool of trained and
skilled labor
Revamped infrastructure base
Abundance in natural
resources
Competitive tax rates
Growing economy
Population
90 million
Why Egypt?
![Page 9: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/9.jpg)
Central location & proximity to
the global market
Access to a large consumer
base in Egypt and beyond
Large pool of trained and
skilled labor
Revamped infrastructure base
Abundance in natural
resources
Competitive tax rates
Growing economy
FTAs
• COMESA
• GAFTA
• EU Egypt
• QIZ
• Aghadir
• EFTA
• Egypt Mercosur
• Egypt Turkey FTA
Why Egypt?
![Page 10: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/10.jpg)
Why Egypt?
Central location & proximity to
the global market
Access to a large consumer
base in Egypt and beyond
Large pool of trained and
skilled labor
Revamped infrastructure base
Abundance in natural
resources
Competitive tax rates
Growing economy
• Over 26 million
• 60% under 30 • Competitive wages
Labor
Force
![Page 11: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/11.jpg)
Why Egypt?
Central location & proximity to
the global market
Access to a large consumer
base in Egypt and beyond
Large pool of trained and
skilled labor
Revamped infrastructure base
Abundance in natural
resources
Competitive tax rates
Growing economy
• 20 Airports
• 191 Railway stations
• 15 Seaports & Suez Canal
• Subway network
Transportation
![Page 12: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/12.jpg)
Why Egypt?
Central location & proximity to
the global market
Access to a large consumer
base in Egypt and beyond
Large pool of trained and
skilled labor
Revamped infrastructure base
Abundance in natural
resources
Competitive tax rates
Growing economy
• 108,784 km Road Network
• Communication Networks
![Page 13: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/13.jpg)
Why Egypt?
Central location & proximity to
the global market
Access to a large consumer
base in Egypt and beyond
Large pool of trained and
skilled labor
Revamped infrastructure base
Abundance in natural
resources
Competitive tax rates
Growing economy
Mineral & Renewable
Resources
![Page 14: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/14.jpg)
Why Egypt?
Central location & proximity to
the global market
Access to a large consumer
base in Egypt and beyond
Large pool of trained and
skilled labor
Revamped infrastructure base
Abundance in natural
resources
Competitive tax rates
Growing economy
Income
Tax
22.5%
![Page 15: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/15.jpg)
Why Egypt?
Central location & proximity to
the global market
Access to a large consumer
base in Egypt and beyond
Large pool of trained and
skilled labor
Revamped infrastructure base
Abundance in natural
resources
Competitive tax rates
Growing economy
• Economic Indicators
• International Ranking
![Page 16: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/16.jpg)
conomic
ndicators
![Page 17: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/17.jpg)
GDP Growth Rate
1.8%
2.2% 2.1% 2.2%
4.4% 4.3%
2010/11 2011/12 2012/13 2013/14 2014/15 2015/16
Sectoral Contribution to GDP
17%
14%
12%
11%
5%
Industry Retail Agriculture Real estate construction
Source: Central Bank of Egypt
![Page 18: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/18.jpg)
2.2
4.0 3.8
4.1
6.4 6.8
2010/11 2011/12 2012/13 2013/14 2014/15 2015/16
Source: Central Bank of Egypt
USD Bn
Net FDI Flows
![Page 19: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/19.jpg)
FDI Inflows by Top Investing Economies
5.4
1.4
2
0.6 0.6 0.2 0.2 0.1 0.1 0.1
5.9
1.3
0.8 0.7 0.3 0.2 0.2 0.2 0.2 0.2
UK UAE USA Belgium KSA France Netherlands Qatar Luxembourg Bahrain
2014/15 2015/16
Source: Central Bank of Egypt
USD Bn
![Page 20: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/20.jpg)
Latest Indicators
Exchange Rate
18.203 EGP/USD
In April 2, 2017
Net International
Reserve
$26.5 Bn February,
2017
Balance of
Payments
Surplus of $7 Bn in
the First half of
2016/17
Source: Central Bank of Egypt 20
Net FDI Flow
$4.3 Bn in the First
half of 2016/17
![Page 21: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/21.jpg)
Egypt's Macroeconomic Targets
FY18/19
Sustainable real
GDP growth targeting 6%
Continued
investment in upgrading of
infrastructure
Improved export
performance
Increase spending
on health,
education and R&D
to at least
10% of GDP
Inflation Rate
within a range of
6 - 8%
Higher rates of
domestic
investment
Reducing the
fiscal deficit to 8 - 8.5% of GDP
Reducing the
government debt to a range of
80 - 85% of GDP
![Page 22: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/22.jpg)
nternational
ankings
gypt
![Page 23: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/23.jpg)
Sovereign Credit Rating
Revised Egypt’s Sovereign Credit outlook from
“Negative” in May 2016 to “Stable” in November 2016
• Forecasts Egypt’s economy to grow by 4.0% to 4.5%
in 2017-18
• Rated Egypt as “Stable” in January 2017
Last rated Egypt’s Sovereign Credit outlook in June 2015 as “Stable”
![Page 24: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/24.jpg)
Doing Business
Ease In 2016 2017 Change in Rank
(2016 – 2017)
Doing Business 131 122 9
Starting a Business 73 39 34
Dealing with Construction
Permits 113 64 49
Getting Electricity 144 88 56
![Page 25: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/25.jpg)
Egypt’s Competitiveness
0
10
20
30
40
50
60
2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017
81/139
94/141
107/144
118/148 119/144
116/140 115/138
Global Competitive Index (GCI)
2016/2017
25
![Page 26: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/26.jpg)
nvetment
eforms
limate
![Page 27: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/27.jpg)
Investment Climate Reforms
Policy, Institutional,
Procedural &
Administrative
Reforms
Sustainability
Economic Reforms
Comprehensive
Legislative Reforms
![Page 28: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/28.jpg)
Economic Reforms
Fiscal Reforms:
•VAT
•Reprioritized Expenditure Program
Free Flotation of the Egyptian
Pound
Partial Lifting of Fuel Subsidies
Adjusting Electricity
Prices
![Page 29: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/29.jpg)
Policy, Institutional, Procedural &
Administrative Reforms
Civil Service Law
Strategic Transformation
Cutting Through Red
Tape
The Supreme Council for Investment
![Page 30: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/30.jpg)
Comprehensive Legislative Reforms
Procedural Facilitations
Guarantees & Incentives
Dispute Settlement
• Identifying key legislations affecting investment requiring reforms including Capital Market's
Law, Insolvency & Debt Restructuring law and at the core is the Investment Law
• Key benefits of the New Investment Law:
![Page 31: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/31.jpg)
Sustainability
Improve Egypt’s International
Ranking
Cure Investors’ Challenges
Incentivize SMEs
![Page 32: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/32.jpg)
Vote of Confidence
![Page 33: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/33.jpg)
nvetment egimes
n gypt
![Page 34: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/34.jpg)
Investment Regimes
Free Zones
Technological
Zones
Investment
Zones
Inland Investments
• Investment Incentives & Guarantees Law 8/1997 and Companies Law 159/1981
• GAFI acts as the official regulator for all incorporations & licenses
• Allows 100% foreign ownership of
ventures; in addition to a number of exemptions & incentives
• Investment Incentives & Guarantees Law 8/1997
• GAFI is the sole regulatory authority
• Full exemption from income tax & customs
• Ease of import & export
• Investment Incentives & Guarantees Law 8/1997
• Board of each zone issue approvals and permits
• Integrated clusters in all fields
• Unified equipment Custom tax of 2% • Exemption from the stamp duty,
notarization & Publicity fees for 5 years
• Proposed by the New Investment Law • Specialized in all Communication & IT
activities • Tax incentives ranging 30-40%
depending on the Zone’s location
• Board of each zone issue approvals and permits
![Page 35: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/35.jpg)
Key Sectors
Agribusiness Engineering and
Electronics
Health Care Logistics Mining ICT Petrochemicals
Pharmaceuticals Real Estate & Construction
Retail Textile Tourism Renewable Energy
Automotive
![Page 36: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/36.jpg)
rojects ega
![Page 37: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/37.jpg)
The Development of the Suez Canal Region
1) The Economic Zone in the Suez
(Al-Sokhna)
2) West Qantara Area
3) The Technological Zone
4) Economic Zone in East Port Said
![Page 38: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/38.jpg)
The New Administrative Capital
• A large scale project located 45 km east
of Cairo.
• Total Area: 170 Thousand Feddan
• Four construction companies have been
mandated to execute the infrastructure of
the 1st phase with a cost of EGP 4 billion.
• Project utilities are partially finished.
• Doesn't need special approvals.
• Land can be allocated through different
options
![Page 39: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/39.jpg)
Development of 1.5 million Feddan
• Establishing Reef Company for this purpose
with a capital estimate of 1 billion dollars.
• Land will be allocated through usufruct.
• Investors can bid to reclaim 2000+ feddans.
• Bidding through Egyptian Countryside
Development Co.
• Can use Lands in:
Agriculture
Aqua framing
Logistical services
Industrial
Housing
![Page 40: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/40.jpg)
The Golden Triangle
• Three main mining anchors generating
multiple industrial zones
• The main sectors under investigation are:
Mining Logistics
Industry Urban
Transport Agriculture
Energy Tourism
Ports Utilities Approx. 840 thousand feddans
![Page 41: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/41.jpg)
The New Alamein City
• The project is on the Northwest coast and
represents approximately 12.8% of the total
area of Egypt.
• The project will attract investments in the
tourism, agriculture, industrial, commercial
and educational sectors.
• The government is currently working on the
project`s utilities.
Preliminary plan of new Alamein city
![Page 42: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/42.jpg)
The Furniture City in Damietta
• An industrial project for the establishment
and the development of Damietta
governorate as furniture city on 333
Feddan.
• The aim is to host a cluster of Furniture
manufacturing and complimentary
industries, R&D center, furniture academy,
renewable energy station & hotel.
• The project doesn't need special approvals.
![Page 43: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/43.jpg)
The logistics Center for Grain in
Damietta
• The project is on 4 Mn. Sq. meter
in Damietta governorate.
• Currently Damietta governorate
is the responsible authority but a
new development authority is
under formation.
![Page 44: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/44.jpg)
Leather City in Al-Robbiki
• The project purpose is tanning and
manufacturing of leather.
• Creating a Leather Manufacturing Hub
in the Middle East.
• Total project size 1629 feddans.
Shorouk City
Badr City
Robbiki Leather City
![Page 45: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/45.jpg)
45
The Opportunity in
Egypt is NOW
make sure you do not
Miss Out
General Authority for
Investment & Free Zones
![Page 46: General Authority for Investment & Free Zones - · PDF fileGeneral Authority for Investment & Free Zones ... •GAFTA •EU Egypt •QIZ ... •Forecasts Egypt’s economy to grow](https://reader033.fdocuments.net/reader033/viewer/2022051508/5aa7e1d47f8b9aee748c9aa2/html5/thumbnails/46.jpg)
General Authority for
Investment & Free Zones
3 Salah Salem Road, Nasr City, Cairo, Egypt
+2 02 240 55 452
www.gafi.gov.eg