$ 450 million in annual exports to the Safaga Free Zone
A source at the General Authority for Investment and Free Zones (GAFI) revealed that the targeted exports in the Safaga Free Zone will reach $ 450 million after full operation.
The source added that the proposed site for the region will be in Kilo 3 by Safaga-Qena desert road on a survey of 166 acres (about 697 thousand square meters), pointing out that the cost of establishing the area will reach 750 million pounds.
He explained that the implementation work takes two and a half years to serve the center of the Upper Egypt, which will include 125 projects in the engineering and logistics industries.
The source pointed out that the targeted investments in the region amounted to about 1.1 billion dollars, and will provide 15 thousand jobs.
(tagsToTranslate) Safaga Free Public Area (t) Free Zones (t) Red Sea (t) Investment
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