Egypt offers eight investment opportunities worth EGP 5bn in 5 governorates

Egypt’s Internal Trade Development Authority (ITDA)  launches eight new investment opportunities in five governorates with investments of more than  5 billion Egyptian pounds.

The investment opportunities, located in El-Qaliubya, Ismailia, South Sinai, New Valley, and Beni Suef, include various activities and projects, according to a statement on Monday.

A new logistics zone for the storage of dates will be built in New Valley over an area of 100 feddans with investments of about  1 billion Egyptian pounds, Head of ITDA Ibrahim Ashwamy said, noting that the project will create about 20,000 direct and indirect jobs.

In addition, a commercial/entertainment zone will be built in Ismailia over an area of 18 feddans and with investments of 1 billion pounds. The project is expected to create about 12,000 jobs.

This came during a meeting between Ashmawy and representatives from several companies, including LuLu International Group, Sabbour, Orascom, Gama, Hassam Allam, Carrefour, Redcon, ECG, Agility, and Samcrete.