GAFI Chairman Inspects Mit Ghamr Investment Zone

GAFI Chairman Inspects Mit Ghamr Investment Zone

Mohamed Abdel Wahab, Chairman of the General Authority for Investment (GAFI) inspected on Sunday the investment zone in Mit Ghamr, in the presence of along with Ayman Mukhtar, Governor of Dakahlia and a number of investors and members of the parliament.

Abdel Wahab announced the launch of that the second phase of the investment zone in Mit Ghamr, which is the first investment area specialized in metallurgical engineering, namely aluminum utensils in the Dakahlia governorate.

He pointed out that working inside the investment zone has many advantages, the most important of which is the issuance of all types of licenses from the authority through easy procedures.

Abdel Wahab said that the expansion of investment zones in Egyptian governorates came in response to the increasing demand of investors, supporting the state’s plans to boost integrated development, and provide more job opportunities.

During his meeting with the investors, he said that some incentives were approved for investors in the zone, that would encourage and increase investments, including a grace period of 6 months for investors. He added that the Investment Zone Board of Directors issues licenses and provides all services, facilities and exemptions in coordination with the concerned authorities.

He pointed out that GAFI had coordinated with various government banks in order to facilitate financing to investors, stressing that the authority would move on several axes to encourage private investments through a package of procedures and facilities that suit different investor requirements.