{"id":652191,"date":"2017-01-03T04:07:50","date_gmt":"2017-01-03T04:07:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/"},"modified":"2017-01-03T04:07:50","modified_gmt":"2017-01-03T04:07:50","slug":"finance-ministry-behind-cancellation-of-private-free-zones","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/","title":{"rendered":"Finance Ministry behind cancellation of private free zones?"},"content":{"rendered":"

The Finance Ministry was allegedly behind the scrapping of private free zones<\/strong>, an unnamed source told El Watan<\/a>, claiming that the ministry was primarily concerned that private free zones could become hotbeds of corruption. The head of the importers\u2019 division at the Cairo Chamber of Commerce told the newspaper separately<\/a> that private free zones are responsible for 80% of smuggling cases and cost the state around EGP 66 bn annually<\/strong> (here\u2019s the salt shaker to help you digest that one). The Investment Ministry<\/a> and some industry players<\/a> are critical of the decision on private free zones.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Finance Ministry was allegedly behind the scrapping of private free zones, an unnamed source told El Watan, claiming that the ministry was primarily concerned that private free zones could become hotbeds of corruption. The head of the importers\u2019 division at the Cairo Chamber of Commerce told the newspaper separately that private free zones are […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652191","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"73a3012e-c5bd-4994-8204-495a1a227dd3","order":"0","is_powered_by":true,"section_story_id":"e7169463-0b06-4c77-a0b9-a22e46ef14d1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652177],"teaser":"","voice_url":""},"yoast_head":"\nFinance Ministry behind cancellation of private free zones? - 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\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Ministry behind cancellation of private free zones?\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry was allegedly behind the scrapping of private free zones, an unnamed source told El Watan, claiming that the ministry was primarily concerned that private free zones could become hotbeds of corruption. The head of the importers\u2019 division at the Cairo Chamber of Commerce told the newspaper separately that private free zones are […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-03T04:07:50+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\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Finance Ministry behind cancellation of private free zones?\",\"datePublished\":\"2017-01-03T04:07:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/\"},\"wordCount\":103,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/\",\"name\":\"Finance Ministry behind cancellation of private free zones? - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-01-03T04:07:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Finance Ministry behind cancellation of private free zones?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Finance Ministry behind cancellation of private free zones? - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/","og_locale":"en_US","og_type":"article","og_title":"Finance Ministry behind cancellation of private free zones?","og_description":"The Finance Ministry was allegedly behind the scrapping of private free zones, an unnamed source told El Watan, claiming that the ministry was primarily concerned that private free zones could become hotbeds of corruption. The head of the importers\u2019 division at the Cairo Chamber of Commerce told the newspaper separately that private free zones are […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-01-03T04:07:50+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Finance Ministry behind cancellation of private free zones?","datePublished":"2017-01-03T04:07:50+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/"},"wordCount":103,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/","name":"Finance Ministry behind cancellation of private free zones? - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-01-03T04:07:50+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/finance-ministry-behind-cancellation-of-private-free-zones\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Finance Ministry behind cancellation of private free zones?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":647187,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/house-could-vote-on-investment-act-today-after-economic-committee-decides-to-keep-private-free-zones-against-finance-ministrys-wishes\/","url_meta":{"origin":652191,"position":0},"title":"House could vote on Investment Act today after Economic Committee decides to keep private free zones against Finance Ministry\u2019s wishes","author":"enterpriseam admin","date":"4 May 2017","format":false,"excerpt":"After reports of drama yesterday and Tuesday, could today be the day the House finally votes on the Investment Act? The House of Representatives is expected to vote on the Investment Act in a plenary session today now that the debate over the return of private free zones has been\u2026","rel":"","context":"In "Speed Round"","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":647133,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/house-gives-preliminary-nod-to-investment-act-postpones-vote-to-discuss-private-free-zones\/","url_meta":{"origin":652191,"position":1},"title":"House gives preliminary nod to Investment Act, postpones vote to discuss private free zones","author":"enterpriseam admin","date":"3 May 2017","format":false,"excerpt":"The House has approved the Investment Act in principle, but postponed its final vote to today until issues over private free zones are put to rest. The House of Representatives is expected to vote on the Investment Act in a plenary session today after MPs gave a preliminary nod to\u2026","rel":"","context":"In "Speed Round"","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":647248,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/07\/house-approves-investment-act\/","url_meta":{"origin":652191,"position":2},"title":"House approves Investment Act","author":"enterpriseam admin","date":"7 May 2017","format":false,"excerpt":"The House of Representatives has approved all remaining articles of the InvestmentAct, according to a statement (pdf) from the Investment and International Cooperation Ministry on Thursday. The bill as a whole will now be put to a vote at the House in a plenary session today, Al Ahram reports. The\u2026","rel":"","context":"In "Speed Round"","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":647077,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/house-could-vote-on-investment-act-today\/","url_meta":{"origin":652191,"position":3},"title":"House could vote on Investment Act today","author":"enterpriseam admin","date":"2 May 2017","format":false,"excerpt":"The House of Representatives\u2019 general assembly is set to begin debate on theproposed Investment Act today. The prelude to a final vote on the bill comes after the House Economic Committee concluded its review, according to Al Borsa. We\u2019ll believe that when we see it, as the government is reportedly\u2026","rel":"","context":"In "Speed Round"","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":626726,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/finmin-investment-ministry-to-outline-new-regs-for-private-freezones\/","url_meta":{"origin":652191,"position":4},"title":"FinMin, Investment Ministry to outline new regs for private freezones","author":"enterpriseam admin","date":"10 July 2018","format":false,"excerpt":"EXCLUSIVE- FinMin, Investment Ministry to outline new regs for private freezones: A committee of officials from the ministries of finance and investment has begun meetings to formulate new regulations governing private freezones, government sources tell Enterprise. The move seems geared to tackle concerns raised by investors in private freezones that\u2026","rel":"","context":"In "Speed Round"","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":650422,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/are-private-free-zones-making-a-comeback\/","url_meta":{"origin":652191,"position":5},"title":"Are private free zones making a comeback?","author":"enterpriseam admin","date":"23 March 2017","format":false,"excerpt":"Are private free zones making a comeback? The return of private free zones in the Investment Act is still on the table as far as the House Economic Committee is concerned, committee chairman Amr Ghallab said yesterday, according to Al Mal. The committee, which is still reviewing the draft investment\u2026","rel":"","context":"In "Speed Round"","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\/652191","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=652191"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652191\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/652177"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=652191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=652191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=652191"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=652191"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=652191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}