GAFI waiting for SCZone to sign off new public freezones in East Port Said

The General Authority for Freezones and Investment (GAFI) is waiting for the Suez Canal Economic Zone to sign off on its plan to establish a 35,000 sqm public freezone in East Port Said, sources tell Al Mal. Infrastructure work on the area should be done by June 2018, they add. GAFI is looking to establish more freezones around Egypt as a way of encouraging local industry and boosting export levels.