The decision to turn Nuweiba into a freezone should be receiving presidential approval soon, Investment Minister Sahar Nasr said on Monday, according to Al Shorouk. Investors have been calling for the zone for five years. The General Authority for Freezones and Investment had completed studies on the freezone back in early 2016, when former finance minister Hany Dimian — who suffered from a crippling case freezone-phobia — was still in charge.

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