The General Authority for Investment and Free Zones (GAFI) has approved the first four projects for the Al Ahly Industrial Development investment zone in Abu Rawash. GAFI CEO Mohamed Awad confirmed the approvals following a board meeting to review the project’s master plan.
Key Takeaways
- Project approvals: The board cleared four new ventures, including food production and logistics facilities.
- Infrastructure status: Developers have completed approximately 70% of site preparation for the first phase.
- Development scale: The site spans 2.1 million square meters, with plans to host 118 factories.
- Economic impact: The EGP 14 billion project aims to generate 28,000 jobs.
- Regulatory efficiency: The investment zone model allows companies to secure all necessary permits through a single board.
Project Details and Scope
The approved ventures include the Egyptian Canning Company “Best” for food processing, and Al Ahlia Trading Company “Nacita” for logistics. Breadfast will establish food manufacturing operations, while Flextock Egypt will manage warehousing. Sameh Gabra, Managing Director of Al Ahly Industrial Development, noted that the zone’s regulatory framework streamlines approvals by consolidating relevant authorities.