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New investment zone to be established in Giza - Daily News Egypt

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New investment zone to be established in Giza

Priority will be given to projects seeking employ the largest number of the region's youth, and which will improve the province's education system and industrial facilities, said the Giza givernor


Ali Abd al-Rahman, Giza’s governor, said  that the region would cover 8,300 acres, and would be located along the 63rd kilometre of the Bahariya Oasis Road. (Photo\DNE)
Ali Abd al-Rahman, Giza’s governor, said that the region would cover 8,300 acres, and would be located along the 63rd kilometre of the Bahariya Oasis Road.
(Photo\DNE)

The Giza governorate is currently reviewing a comprehensive project package to establish a new investment zone within the governorate.

Ali Abd al-Rahman, Giza’s governor, said in a speech made on Friday that the region would cover 8,300 acres, and would be located along the 63rd kilometre of the Bahariya Oasis Road.

However, the sale of land in the region would not begin, he said, until all available territory was displayed and reviewed by all parties involved for the purpose of reaching an agreement as to how best to secure the largest number of investments possible.

Rahman added that the review of all plans would be done in conjunction with a number of public and private organisations, including the National Centre for Planning State Land Use, The 6th of October Investors’ Association, Giza’s local Development, Investment and Housing Ministries, private companies, investors, worker unions, businessmen, banks, the Social Fund for Development (SFD), and the Industrial Development Authority (IDA).

He added that a meeting would be held within the next several days to put the finishing touches on the project and determine what conditions would be placed on projects undertaken within the zone.

He went on to say that Giza was unique and would serve as prime real estate for investment, considering its close location to a number of important landmarks such as the 6th of October airport, the Sheikh Zayed district, in addition to a number of other government facilities.

Rahman stated that priority would be given to projects that sought to employ the largest number of the region’s youth, while at the same time working to improve the province’s education system and industrial facilities.

He added that the creation of an investment zone within Giza would seek to extend the urban reach of Egypt’s cities farther into the desert, in addition to providing thousands of work opportunities to the nation’s youth.

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https://www.dailynewsegypt.com/2013/02/23/new-investment-zone-to-be-established-in-giza/
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