{"id":629831,"date":"2018-04-02T04:59:02","date_gmt":"2018-04-02T04:59:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/govt-establishes-specialized-investment-zone-in-damietta\/"},"modified":"2018-04-02T04:59:02","modified_gmt":"2018-04-02T04:59:02","slug":"govt-establishes-specialized-investment-zone-in-damietta","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/govt-establishes-specialized-investment-zone-in-damietta\/","title":{"rendered":"Gov\u2019t establishes specialized investment zone in Damietta"},"content":{"rendered":"<p>Prime Minister Sherif Ismail issued a decision yesterday establishing a specialized investment zone in Damietta for furniture manufacturing and related industries, <a href=\"http:\/\/www.almalnews.com\/Story\/370954\/15\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D8%B5%D8%AF%D8%B1-%D9%82%D8%B1%D8%A7%D8%B1%D8%A7-%D8%A8%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D9%86%D8%B7%D9%82%D8%A9-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D9%8A%D8%A9-%D8%A8%D9%85%D8%AD%D8%A7%D9%81%D8%B8%D8%A9-%D8%AF%D9%85%D9%8A%D8%A7%D8%B7\">Al Mal reports<\/a>. 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 <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1276319\">Al Masry Al Youm<\/a>. The furniture manufacturing complex will be host to some 1,400 workshops. Work began on the project <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/24\/interest-rate-hike-still-dominating-the-airwaves\/\">last year<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-629831","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"d4decfc1-4ca7-4fae-943f-4067903cee9b","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Gov\u2019t establishes specialized investment zone in Damietta","related_issue":[629800],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.a67d95c4-6b74-4a03-9760-e5f21529f7a2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gov\u2019t establishes specialized investment zone in Damietta - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/govt-establishes-specialized-investment-zone-in-damietta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t establishes specialized investment zone in Damietta\" \/>\n<meta property=\"og:description\" content=\"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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/govt-establishes-specialized-investment-zone-in-damietta\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-02T04:59:02+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/govt-establishes-specialized-investment-zone-in-damietta\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/govt-establishes-specialized-investment-zone-in-damietta\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t establishes specialized investment zone in Damietta\",\"datePublished\":\"2018-04-02T04:59:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/govt-establishes-specialized-investment-zone-in-damietta\/\"},\"wordCount\":101,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/govt-establishes-specialized-investment-zone-in-damietta\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/govt-establishes-specialized-investment-zone-in-damietta\/\",\"name\":\"Gov\u2019t establishes specialized investment zone in Damietta - 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The first four shipments will start from next month. The Damietta Furniture City Company is a 331-feddan furniture manufacturing complex that will be completed by 2022. The\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572676,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/damietta-furniture-withdraws-egp-1-bn-loan-installment\/","url_meta":{"origin":629831,"position":1},"title":"Damietta Furniture withdraws EGP 1 bn loan installment","author":"enterpriseam admin","date":"5 July 2020","format":false,"excerpt":"Damietta Furniture City has drawn down EGP 1 bn of its EGP 1.5 bn syndicated facility taken out from a consortium of local banks to finance working capital, Al Shorouk reports.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571376,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/banque-misr-to-arrange-loan-worth-up-to-egp-1-6-mn-to-damietta-furniture-city\/","url_meta":{"origin":629831,"position":2},"title":"Banque Misr to arrange loan worth up to EGP 1.6 mn to Damietta Furniture City","author":"enterpriseam admin","date":"10 May 2020","format":false,"excerpt":"Banque Misr will arrange a EGP 1.4-1.6 bn syndicated loan to Damietta Furniture City to help increase production and exports, Masrawy reports, citing unnamed banking sources. The National Bank of Egypt, the Egyptian Arab Land Bank, and the Export Development Bank are in talks to participate in the loan.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592167,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/29\/military-production-ministry-and-frances-jab-sign-a-protocol-to-develop-projects-in-damiettas-furniture-city\/","url_meta":{"origin":629831,"position":3},"title":"Military Production Ministry and France\u2019s JAB sign a protocol to develop projects in Damietta\u2019s Furniture City","author":"enterpriseam admin","date":"29 December 2019","format":false,"excerpt":"The Military Production Ministry and France\u2019s JAB Holding Company has signed a cooperation protocol that will see the two building, financing, and managing developmental projects in Damietta\u2019s Furniture City,according to a cabinet statement. The size of the investment and the timeline of the projects have not been announced. The ministry\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605044,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/damietta-furniture-city-military-production-ministry-to-build-egp-3-bn-mall\/","url_meta":{"origin":629831,"position":4},"title":"Damietta Furniture City, Military Production Ministry to build EGP 3 bn mall","author":"enterpriseam admin","date":"19 December 2018","format":false,"excerpt":"The Damietta Furniture City Company and a Military Production Ministry subsidiary will build a EGP 3 bn furniture mall in Damietta Furniture City, sources close to the matter said, according to Al Mal. The project will be funded through the ministry.","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601556,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/damietta-furniture-citys-manufacturing-complex-to-be-completed-in-2022\/","url_meta":{"origin":629831,"position":5},"title":"Damietta Furniture City\u2019s manufacturing complex to be completed in 2022","author":"enterpriseam admin","date":"4 March 2019","format":false,"excerpt":"The Damietta Furniture City Company will complete and being operating its 331-feddan furniture manufacturing complex by 2022, company CEO El Moataz Bahaa El Din said. The project is a 20-minute drive from downtown Damietta, and will include 150 furniture factories, some 1500 smaller workshops, exposition halls, banks, hotels and other\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=629831"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629831\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/629800"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=629831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=629831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=629831"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=629831"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=629831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}