Prime Minister Sherif Ismail issued a decision yesterday establishing a specialized investment zone in Damietta for furniture manufacturing and related industries, Al Mal reports. The Damietta Furniture City Company will develop and manage the 331-feddan zone, which will also include hotels, shopping malls, hospitals, and other services. Separately, Trade and Industry Minister Tarek Kabil announced that the first phase of Damietta Furniture City will be completed in May this year, according to Al Masry Al Youm. The furniture manufacturing complex will be host to some 1,400 workshops. Work began on the project last year.

Tags: