Egypt’s Internal Trade Development Authority (ITDA) launches eight new investment opportunities in five governorates with investments of more than 5 billion Egyptian pounds.
The investment opportunities, located in El-Qaliubya, Ismailia, South Sinai, New Valley, and Beni Suef, include various activities and projects, according to a statement on Monday.
A new logistics zone for the storage of dates will be built in New Valley over an area of 100 feddans with investments of about 1 billion Egyptian pounds, Head of ITDA Ibrahim Ashwamy said, noting that the project will create about 20,000 direct and indirect jobs.
In addition, a commercial/entertainment zone will be built in Ismailia over an area of 18 feddans and with investments of 1 billion pounds. The project is expected to create about 12,000 jobs.
This came during a meeting between Ashmawy and representatives from several companies, including LuLu International Group, Sabbour, Orascom, Gama, Hassam Allam, Carrefour, Redcon, ECG, Agility, and Samcrete.
