Prime Minister Mostafa Madbouly issued a decision on July 22 to establish a specialized investment area, covering 15,029 square meters in the Delta city of Benha, Qalyubia Governorate, Invest-Gate reports.

The decree stipulates that the General Authority for Investment and Free Zones (GAFI) will be authorized to implement the aforementioned investment zone, while concurrently developing a number of specialized small-scale industries (SSI), according to a recent ministerial statement. 

GAFI will also be responsible to provide the area with complementary services. In deed, the authority shall also comply with the set plan for its establishment and operation within the specified schedules and timeframes, the statement emphasized.

Back in December, GAFI announced considering the foundation of 19 new free zones in multiple governorates, with seven ventures already underway in Minya, South Sinai, New Ismalia, Giza, Dakahlia, Aswan, and Kafr El Sheikh, which will contribute toward boosting investor services and generating over 120,000 job opportunities across Egypt.