Free Zones approves two projects worth $2.8mn in Ismailia

The board of directors of Ismailia Public Free Zone has approved Monday a plan to carry out two new projects in the governorate at a cost of $2.8 million.

Earlier, Mohamed Khodeir, chairman of the General Authority for Investment (GAFI), has revealed some information about the two projects, saying the first project is dedicated for manufacturing mattresses, sponges, and furnishings by 100 percent Kuwaiti capital.

The project is being built on 10, 000 square metres, aimed to create 180 job opportunities for youth.

The second project is designated to store petroleum equipments on 1000 square metres by 100 percent national capital.