Friday 04 Apr
Giza Governor, Engineer Adel El-Naggar, and the CEO of the General Authority for Investment and Free Zones, Hossam Heiba, discussed ways to attract investors to distinguished investment opportunities on the Egypt-Alexandria Desert Road and the Al-Wahat Al-Bahariya area. The two parties agreed to display these opportunities on Egypt's investment map, to facilitate access to them by local and foreign investors.
The Giza Governor confirmed that the massive infrastructure projects implemented by the state have raised the investment value of many areas in the governorate, especially Al-Wahat Al-Bahariya and the area between Sphinx Airport and the Grand Egyptian Museum on the Alexandria Desert Road.
The available investment opportunities include various
fields, such as agricultural production, food industries, tourism and hotel
projects, and logistics areas. The governor pointed out that there is
significant interest from investors, especially in Al-Wahat Al-Bahariya, which
is characterized by an abundance of natural and therapeutic tourism potentials,
as it includes nature reserves and water springs that can be exploited in
therapeutic tourism.
The governor praised the cooperation with the Investment
Authority, and its role in facilitating investment procedures through Egypt's
investment map, and its efforts to improve the investment climate.
For his part, Hossam Heiba reviewed the incentives available
for investment in environmental and therapeutic tourism, and expressed the
Authority's readiness to support the promotion of Al-Wahat Al-Bahariya as a
destination for therapeutic tourism.
He pointed out that there is a growing demand for the
establishment of investment zones in the logistics services sector in Giza, due
to its proximity to Greater Cairo, and explained that the investment zones
managed by the Authority save investors 80% of the procedural time.
The meeting was attended by a number of officials from the Giza Governorate, the Investment Authority, and the Ministry of Tourism and Antiquities.
