Arab Finance: The government has received three requests for the establishment of three private free zones, a government official told Asharq Business.

Two requests were submitted by Al Ahly Sabbour for Real Estate Developments and Redcon Properties to build two free zones in New Cairo, while the third request was submitted by an anonymous investor for setting up a free zone in Sharm El Sheikh, the official said.

The Cabinet will authorize the new criteria for setting up private free zones within a few days, the official highlighted.

Moreover, the official added that the three new requests comply with these criteria, which will be a prerequisite for accepting requests to establish special free zones.

Egypt to collect capital gain tax starting 2025 Updated 5/2/2024 7:16:00 AM

Cabinet nods to draft on Egypt’s accession to ATIDI Updated 5/1/2024 3:13:00 PM

Government to announce criteria for licensing private free zones soon Updated 4/29/2024 8:50:00 AM

Cabinet ratifies establishing free zone in Ras El-Hekma city Updated 4/24/2024 2:28:00 PM

Al Ahly Sabbour eyes EGP 5B loans for developing 2 projects Updated 4/23/2024 11:07:00 AM