The Investment Ministry will set an industrial freezone next to the planned investment area in Kafr El Sheikh in order to attract new projects to the governorate, Minister Sahar Nasr announced. Nasr pointed out that the pre-planned coastal investment area will be developed at a cost of EGP 200 bn over 10k feddans, next to Siemens’ Burullus power station, and could create up to 250k new jobs.

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