Gov’t Revives Investment Zones to Support Small-, Medium-sized Enterprises

Sunday, 6th August 2017

The government sets out a plan to revive a host of investment zones in Giza, Daqahliyah and Qalyubiyah for small- and medium-sized enterprises in efforts aimed at supporting young people, Invest-Gate reports.

Minister of Investment and International Cooperation Sahar Nasr announces such a plan during a visit to the governorate of Qalyubiyah to inspect a new investment zone in the city.

Nasr says that 70% of the new investment zone will be earmarked for young people to boost small and medium-sized enterprises while 30% will be allocated to large investors.

At the same time, a ministerial meeting comprising ministers of irrigation, tourism and agriculture, is due to be held next week to discuss the upgrade of el-Qanater town, Qalyubiyah governorate in order to put it on the world tourism map. A host of investment and tourism projects are forecast to be carried out in el-Qanater, Nasr says.

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