More than four Saudi companies look for projects in private freezones, GAFI to deliberate on requests in January

At least four Saudi companies in the textile and petrochemicals business have filed requests to the General Authority for Freezones and Investment (GAFI) asking to launch new projects in private freezones, sources tell Al Borsa. GAFI is expected to begin reviewing the applications by early January. In related news, the Ismail Cabinet has reportedly signed off on the establishment of three new public freezones in East Port Said, 10 Ramadan City, and Giza, sources also said.