Egypt’s ITDA Finalises Studying Global Trade City within Days with EGP40bn

All the investment, technical and marketing studies on global city for trade and marketing   will be finalised within 10 days with EGP40 billion investments, Head of Internal Trade Development Authority (ITDA) Yasser Abbas revealed.

In statements to Amwal Al Ghad, Abbas told that it is schedule to establish the city neat at Suez Canal Axis on an area of 4.2 million meters, noting that it is aiming to provide around 500 thousands job opportunities after Phase I from construction.

The new city seeks to allure international firms for producing and offering all the global brands. He noted that this city comes in the frame of investment projects that the Ministry of Supply is seeking to launch by the upcoming period in conjunction with Global logistics center for grain Damietta.