First Independent Mena Newspaper
Egypt is considering building three new Free Zones, Prime Minister Mostafa Madbouly announced Sunday to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). The future Zones, Madbouly’s office indicated in a statement, will be Alexandria, the 10th of Ramadan, and the 6th of October cities. The office also indicated that […]
The Egyptian government signed Thursday three framework agreements for automobile manufacturing with the aim of to achieve bonded cooperation between Egyptian government representatives and companies, working to achieve the goals of the National Automotive Development Program. The agreements were signed by representatives of the government, including Amr Noureldin, Legal Advisor to the CEO of the […]
Morocco’s Tanger Med Industrial Zone ranked 2nd most attractive on a Financial Times FDI Intelligence ranking. Tanger Med Industrial Zone stood out in the ranking, dubbed FDI Global Free Zones of the Year 2020, which compares the competitiveness and attractiveness of 100 platforms across the world. Tanger Med was outperformed only by Dubai Multi Commodities […]
The Moroccan government adopted a draft decree that will give the status of free zone to the Mohammed VI Tanger Tech city. The new free zone stretches over a surface area of 467 hectares and is intended to be a new industrial hub offering propitious conditions for the development of industries pertaining to the automotive, […]
The Egyptian government is putting the final touches on new foreign direct investment (FDI) council to be launched very soon in a bid to drain more foreign capital needed by the North African country to support its battered economy. President Abdel Fatah al-Sisi has given green light for setting up a Higher Council for Investment. […]