El-Gamal noted that these zones serve as a bridge linking
Egypt’s economic vision with investor goals. Whether in manufacturing,
logistics, or trade, opportunities in Egypt’s free zones are as diverse as the
markets they serve.
The government has announced the establishment of four new
public free zones in 10th of Ramadan City, New October City, New Borg El Arab
City, and New El Alamein City, in a move designed to support exports and
strengthen the role of industrial investment in the national economy.
El-Gamal added that the government intends to dedicate
production in the new public free zones entirely to exports, mainly to achieve
the Ministry of Investment and Foreign Trade’s target of $140 billion in
exports by 2030 and to avoid competing with domestic investors in the local
market.
He underlined that the establishment of free zones has
already contributed to attracting greater investment, pointing out that Egypt
has spent recent years upgrading its infrastructure to grow the economy and
appeal to global investors.
The government confirmed that the new free zones will be
operational by the end of 2026, with the General Authority for Investment
working in cooperation with the New Urban Communities Authority to accelerate
infrastructure and utility development to meet growing demand for industrial
investment.