Egypt launches second phase of investment zone promotion campaign

Egypt's Ministry of Investment and Foreign Trade has initiated the second phase of its promotional campaign for investment zones, aiming to attract further domestic and international capital. Under the slogan “Investment Zones… Where the Elements of Success Come Together,” the campaign seeks to highlight successful investment projects across various governorates and underscore the vital role of the private sector in driving economic development.

The ministry spotlighted the investment zone in Mit Ghamr, located in the Dakahlia Governorate, as a prime example of successful local development and private sector empowerment. This zone has attracted over 500 million Egyptian pounds in investments, resulting in approximately 50 industrial projects that have generated around 2,500 direct jobs. The zone features 107 industrial units with flexible spaces, catering to diverse productive sectors including engineering, electronics, and metal industries.

Minister of Investment and Foreign Trade Mohamed Farid emphasized that the success of the Mit Ghamr zone reflects the state's strategy to localize development and empower the private sector. He stated that genuine reforms are in place to help investors expand their businesses, boost production, and create more employment opportunities. The ministry plans to replicate these successful models in other governorates.

Farid also noted the high occupancy rate within the Mit Ghamr zone, with about 160 projects on a waiting list. This strong investor interest, he explained, demonstrates confidence in the investment zones model and its capacity to foster a business environment conducive to growth and expansion. The ministry is also working to connect Egyptian companies with commercial representation offices abroad to explore new export markets and integrate them into global value chains.

“

the success of the Mit Ghamr investment zone demonstrates the State’s approach to localizing development and empowering the private sector to drive economic growth through genuine reforms helping investors expand their business, increase production, and create more jobs.