Heiba highlighted the role of free zones as a key driver of
Egypt’s economic growth. They contribute around 22% of the country’s commodity
exports. Free zones also support technology localization, employment creation,
and play a crucial role in boosting economic development. The authority manages
13 public free zones and 218 private free zones across Egypt, distributing
development efforts nationwide.
He added that the Egyptian government has leveraged global
trade disruptions to attract stable and sustainable investments. A significant
portion of these investments has been directed to free zones. Incentives
include customs and tax benefits, supported by trade agreements that connect
Egypt to nearly 3 billion consumers worldwide.
Heiba explained that the authority recently allocated 9,000
square meters for administrative and operational headquarters for startups
within the free zones. This initiative provides a supportive environment for
Egyptian startups in software exports and artificial intelligence applications.
Advisory, marketing, and legal services are also offered to enhance their
success and international market reach. The authority hosts the permanent
headquarters of the Entrepreneurship and Startup Support Unit, coordinating
efforts between government and private entities to strengthen this critical
sector.
The Egyptian government strongly believes in the importance
of regional and international cooperation between free zones. Heiba noted that
this cooperation drives shared prosperity and improves the competitiveness of
developing countries. Egypt regularly holds training courses for African
personnel to enable effective free zone management. The government also
facilitates delegation exchanges and expertise sharing with countries seeking
to strengthen investment relations with Egypt.
Heiba called on participants to build partnerships,
cooperation, and friendly relations between free zones globally. Such efforts
aim to enhance the circulation of goods and production inputs and create
sustainable value chains that benefit societies worldwide.