Arab Finance: The General Authority for the Golden Triangle Economic Zone (GTEZ) is currently negotiating with five developers to establish an industrial zone in Upper Egypt with up to $2 billion in investments for the first phase, Asharq Business reported on September 13th, citing three unnamed government sources.
These developers are Orascom Industrial Parks, ElSewedy Industrial Development, CPC Egypt for Industrial Development, Polaris Parks, and IDG Industrial Development Group.
The Golden Triangle includes industrial, mining, tourism, agricultural, and commercial areas.