{"id":633431,"date":"2024-07-15T00:00:00","date_gmt":"2024-07-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/15\/gafi-wants-to-set-up-three-new-investment-zones\/"},"modified":"2024-07-15T00:00:00","modified_gmt":"2024-07-15T00:00:00","slug":"gafi-wants-to-set-up-three-new-investment-zones","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/15\/gafi-wants-to-set-up-three-new-investment-zones\/","title":{"rendered":"GAFI wants to set up three new investment zones"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A triad of investment zones is in the works:<\/strong> The General Authority for Investment and Free Zones (GAFI) has requested the New Urban Communities Authority (NUCA) to allocate plots of land for the establishment of three new investment zones, GAFI head Hossam Heiba told <a target=\"_blank\" href=\"https:\/\/hapijournal.com\/2024\/07\/14\/%D8%AD%D8%B3%D8%A7%D9%85-%D9%87%D9%8A%D8%A8%D8%A9-%D9%86%D8%AA%D8%B1%D9%82%D8%A8-%D8%AA%D8%AE%D8%B5%D9%8A%D8%B5-%D8%A3%D8%B1%D8%A7%D8%B6-%D9%84%D8%A5%D9%82%D8%A7%D9%85%D8%A9-3-%D9%85%D9%86%D8%A7\/\" style=\"\" rel=\"noopener\">Hapi Journal<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The what: <\/strong>The zones, ranging from 150 to 200 feddans each, will include both industrial and service facilities and will bring together a range of activities, including textile industries, automotive feeder industries, and logistics services, said Heiba.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The where: <\/strong>GAFI has proposed about six locations, including New Alamein, for the establishment of these zones.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The when: <\/strong>The allocation process is expected to wrap up within two months, with marketing for the zones slated to kick off before the end of the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The how:<\/strong> The first proposed investment model would see NUCA entering the project as a developer and taking care of setting up utilities before attracting investors. The second model involves partnering with specialized developers to set up the zones. The third model would see an industrial investor set up a project that can attract a large number of complementary industries, who all would receive a mark down in land costs in exchange for setting up their own utilities at the site. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign investors have already taken an interest: <\/strong>A Chinese industrial investor has made an offer to partner with GAFI under the third proposed investment model, while Turkish and European investors have also expressed interest in the project, Heiba said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- A new batch of golden licenses in the wings?<\/strong> GAFI is reviewing nine applications for golden licenses in the sectors of education, industry, logistics, and tourism, Heiba said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The allocation process is expected to wrap up within two months<\/p>\n","protected":false},"author":1,"featured_media":633432,"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":[7272],"tags":[72,461,125,879],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-633431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-gafi","tag-investment-watch","tag-new-urban-communities-authority","wpautop","entry"],"acf":{"mongo_id":"0d2a3e7d-db16-45ce-8ea3-d77dfadc9d93","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1055.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s GAFI requests land plots to set up three new investment zones","related_issue":[633421],"teaser":"The allocation process is expected to wrap up within two months","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.6ed3b5f6-b551-4acd-84d9-d54aee034499.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The plan includes \u201cEgypt\u2019s largest\u201d mixed-use SEZ in Tenth of Ramadan City, which the authority will develop in partnership with the\u2026","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":604481,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/04\/gafi-board-approves-regulations-for-internal-workings-at-investment-zones\/","url_meta":{"origin":633431,"position":1},"title":"GAFI Board approves regulations for internal workings at investment zones","author":"enterpriseam admin","date":"4 December 2018","format":false,"excerpt":"The General Authority for Freezones and Investments\u2019 (GAFI) board approved yesterday regulations governing investment zones, Al Shorouk reports. These regulations include rules outlining the formation of boards and ensuring that the work of executive officers is in accordance with the Investment Act.","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":638726,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/12\/gafi-approves-three-investment-zones\/","url_meta":{"origin":633431,"position":2},"title":"GAFI approves three investment zones","author":"enterpriseam admin","date":"12 October 2017","format":false,"excerpt":"The General Authority for Freezones and Investments (GAFI) approved the establishment of three new investment zones yesterday, according to an Investment Ministry statement. Those include an SME-focused zone in Qalyubia and two commercial zones for the Majid Al Futtaim Group at the Six October City Mall of Egypt and the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600947,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/gafi-aims-to-amend-fees-for-freezone-industries\/","url_meta":{"origin":633431,"position":3},"title":"GAFI aims to amend fees for freezone industries","author":"enterpriseam admin","date":"14 February 2019","format":false,"excerpt":"REGULATION WATCH- Could taxes on freezone products be going away? The General Authority for Investment (GAFI) could look at giving companies based in free zones a break, says Moatasem Rashed, the head of the Private Free Zones Investors Association, an industry association. Rashed is nudging GAFI to cut taxes and\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602652,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/gafi-to-tender-four-new-freezones-three-investment-zones\/","url_meta":{"origin":633431,"position":4},"title":"GAFI to tender four new freezones, three investment zones","author":"enterpriseam admin","date":"2 April 2019","format":false,"excerpt":"The General Authority for Investment and Freezones (GAFI) has announced that it will issue tenders for four new freezones and three investment zones for the first time since 2004, according to Reuters. The freezones will be in Nuweiba, Kafr El Sheikh, Aswan, and Giza, while the investment zones will be\u2026","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":601258,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/24\/gafi-to-send-investment-acts-draft-amendments-to-cabinet-within-days\/","url_meta":{"origin":633431,"position":5},"title":"GAFI to send Investment Act\u2019s draft amendments to cabinet within days","author":"enterpriseam admin","date":"24 February 2019","format":false,"excerpt":"LEGISLATION WATCH- GAFI drafting amendments to Investment Act? The General Authority for Free zones and Investments is planning to send draft amendments to the Investment Act to the government within days,Al Masry Al Youm quotes GAFI chief Mohsen Adel is saying. Adel gave no details of the amendments, but free\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"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\/633431","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=633431"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/633431\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/633421"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/633432"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=633431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=633431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=633431"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=633431"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=633431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}