african investment promotion forum in japan - · pdf filegreater arab free trade agreement...

African Investment

Promotion Forum in

Japan - 2016

1

Egypt Macro Challenges

Political Roadmap Executed

Egypt is progressing with confidence towards building its democratic institutions and political system;

1. constitution referendum,

2. presidential elections,

3. and parliamentary elections.

The solid progress of the roadmap and improving stability is positively reflected on business activity and investors’ sentiment, both local and international.

3

Rebounding Real GDP growth

Source: Central bank of Egypt

4

83

5.5

87

8.5

89

4.0

1,5

75

.5

1,6

08

.6

1,7

29

.2

1,8

01

.9

-

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0

2008/2009 2009/2010 2010/2011 2011/2012 2012/2013 2013/2014 2014/2015

EGP

Bill

ion

Real GDP ^

Diversified Economy


Agriculture, Forestry &

Fishing11%

Oil6%

Natural Gas7%

Oil & Other Manufacturing

Ind.16%

Const. & Building4%

Transport & Warehousing

4%

Communications2%

Suez Canal2%

Wholesale & Retail Trade

13%

Financial Services

4%

Insurance1%

Tourism2%

Real Estate 10%

General Government

9%

Others*9%

2013/14Agriculture, Forestry &

Fishing11%

Oil6%

Natural Gas6%

Oil & Other Manufacturing

Ind.16%

Const. & Building5%

Transport & Warehousing

4%Communications2%

Suez Canal2%

Wholesale & Retail Trade

13%

Financial Services

4%

Insurance1%

Tourism2%

Real Estate 9%

General Government

10%

Others*9%

2014/15

5

Implemented Investments growing


-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

2008/09 2009/10 2010/11 2011/2012 2012/2013 2013/2014 2014/2015

EGP

Mill

ion

Agriculture Oil & Gas Industry & refining Wholesale & retail trade

Tourism Electicity & Water Construction Transportation & storage

Communication Real estate Education & health Others*

6

Improving Liquidity levels


-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

2008/2009 2009/2010 2010/2011 2011/2012 2012/2013 2013/2014 2014/2015 2015/2016(Oct)

EGP

Mill

ion

Total Domestic Liquidity (M2)

Money Supply - M1 Quasi Money

7

International Reserves are stable


-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2008/2009 2009/2010 2010/2011 2011/2012 2012/2013 2013/2014 2014/2015 2015/2016(Nov)

USD

Mill

ion

Net International Reserves

Net International Reserves

8

Suez Canal receipts stable


-

1

2

3

4

5

6

3M

6M

9M

12M

3M

6M

9M

12M

3M

6M

9M

12M

3M

6M

9M

12M

3M

6M

9M

12M

3M

6M

9M

12M

3M

2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16

US

D B

illi

on

Suez Canal Receipts

9

FDIs on the rise


(1)

-

1

2

3

4

5

6

7

8

3M

6M

9M

12M

3M

6M

9M

12M

3M

6M

9M

12M

3M

6M

9M

12M

3M

6M

9M

12M

3M

6M

9M

12M

3M

2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16

US

D B

illi

on

Direct Investment in Egypt (net)

10

Egypt latest Credit Ratings

S&P B Stable

Moody’s B3 Stable

Fitch B Stable

11

A business environment favorable

to investment

Investor Protection

52 Double Tax Avoidance Agreements

111 Investment Protection Agreements

Member of OECD Investment Committee

5 main investor protection schemes endorsed by GAFI

Member of MIGA (Multilateral Investment Guarantee Agency)

12

Trade Agreements

Egypt-EU Association Agreement.

Egypt-EFTA Free Trade Agreement.

EFTA (Iceland, Liechtenstein, Norway and Switzerland).

Qualified Industrial Zones (QIZ).

Common Market for Eastern and Southern Africa (COMESA).

Agadir Free Trade Agreement.

Greater Arab Free Trade Agreement (GAFTA).

Pan Arab Free Trade Agreement.

Egypt Turkey Free Trade Agreement.

Egypt-MERCOSUR Free Trade Agreement.

13

Company Sector Nationality FDI ($ Mn.)

1 Emaar for Development Construction UAE 454.18

2 Alkuwaiti Holding for Investments Construction Kuwait 123.1

3 National United Bank-Egypt Finance UAE 87.1

4 Egyptian Refining Company Services Britain 69

5 Audi Bank Finance Lebanon 42

6 Al Nakhla Tobacco Egypt Manufacturing Netherlands 32

7 Mazn for Real Estate and Tourism

Invetsment Construction Britain 28.04

8 Aujan Industries Company Manufacturing UAE 26

9 Alexandria for Sugar Manufacturing Saudi Arabia 23

10 Mondelez Egypt Foods Manufacturing Switzerland 17

Top FDI Companies’ Contribution

Source: General Authority for Investment & Free Zones.

2014/2015

14

14

Investment Trends

Egypt - Japan

15

Bilateral trade - Egypt and Japan

Source: Trademap website

http://www.trademap.org/Bilateral_TS.aspx

1,5

91,8

24

1,4

49,8

61

1,5

76,5

92

1,0

07,3

58

456,7

84

363,1

52

2.3% 2.2% 2.2%

3.4%

1.6%

1.4%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2012 2013 2014

USD

thousa

nd

Egypt's imports from Japan Egypt's exports to Japan

Japan's share from Egypt's total imports Japan's share from Egypt's total exports

16

• Liquefied natural gas

• Refined Oil

• Textiles

• Cement

• Vegetables & Fruits

• Transportation Equipments

• Machines

• Vehicles & Tractors

• Electronic and electric devices

• Iron & Steel products

• Rubber and plastic

To

p E

xp

ort

s

To

p I

mp

ort

s

Source: CAPMAS

Bilateral Trade - Egypt & Japan

17

17

Japan’s share in Egypt’s FDI Inflows


2.4%

1.8% 2.0%

4.4%

2.9%

0.8%

2.0%

1.3%

0.8%

1.5%

0.4%

2.2% 2.0%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

-

500

1,000

1,500

2,000

2,500

3,000

3,500

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2012/13 2013/14 2014/15 2015/16

USD

Million

FDI Inflows Japan's share in FDI

18

Total FDI Japanese Inflows in Egypt

15.4

44.9

13

27.4

36.7

50.6

28.1

0

5

10

15

20

25

30

35

40

45

50

55

60

65

2007/08 2008/09 2009/10 2010/20112011/20122012/2013

2013/20142014/2015 Q12015/2016

USD

mill

ion

• Total No. of the Japanese companies operating in Egypt reached 61

Companies.

• Japan is ranked the 32st among the countries investing in Egypt.

Source: CBE

98.4 66.4

19

19

Japanese Investments in Egypt

20 Source: GAFI

57%

17%

15%

6% 5%

Japanese investments in Egypt by sector

Industry

Services

Finance

Contruction

Agriculture

20

Labor Cost

Average Salary $3400/month

Average Salary $1074/month

Source: Salary explorer website 21

Japan side:

Japanese companies take a long time to decide on investing.

Cultural differences may cause miscommunication

Egypt side:

Lack of foreign currency:

The CBE eased the cap on USD deposits by raising the

monthly limit to $250,000 from $50,000 for importers of food,

machinery, spare parts, capital goods and medicine.

Licensing:

The new One Stop Shop

Land allocation:

The new One Stop Shop

Challenges

22

Investment Promotion Strategy

in Asia

23

Targeted Sectors in Japan

Energy (Renewable & conventional)

Infrastructure

Industrial - Automotive

Food processing

24

Targeted Asian Countries are Japan, China, India, and South Korea.

Source Countries: Asia

Promotion Strategy

The adoption of an aggressive proactive promotion strategy

Image Building Campaign.

• Create positive awareness regarding recent Developments in Egypt.

• Facilitate targeted promotion and increase its effectiveness.

Investor Targeting and Facilitation Services.

• Investment seminars/road shows.

• Mailings and e-marketing.

• Intermediaries / Testimonials.

• Information Provision & site visits

Existing Investments.

• Proactive Aftercare Program. 25

25

Sectors Overview

26

Renewable Energy

Egypt has a Strategic geo-climatic location: abundance of land, sunny

weather and high wind speeds, making it a prime resource for three

renewable energy sources: wind, solar and biomass.

High intensity solar radiation (2000-2600 KWh/m2). total annual sunshine

duration of up to 4,000 hours

The leader producer: as Egypt produces almost 57% of the region’s total

wind energy

20% of total power generation by 2020, 20% of which from Wind Energy

0

100

200

300

400

500

600

700

800

Development of wind energy MW 27

Infrastructure - Logistics

Unique geographic location combined with an expanding

infrastructure base

8% of the world’s maritime shipping passes through the Suez

Canal.

Accounting for 4.1% of GDP.

The SC zone

28

Automotive/ Feeding Industry

3rd largest car-producing market in Africa (Nissan, Toyota, Jeep, BMW, Mercedes-Benz, etc.)

Vehicle sales in 2014: 289,606 units

Passenger car sales in 2014: 207,973 units

Total exports of vehicles and car component products reached USD 311 million up to Aug. 2015 with increase 10% from 2014

29

Agribusiness/ Food Processing

Sector

Egypt’s market of 90 million consumers

Ranked among the top 5 global exporters of vegetable and fruit

juices in the Mediterranean basin

5809 business establishments operating in the sector – total

capital of EGP 9.6 billion

Key exports include cooked cheese, processed sugar, aromatic

oils, raisins, non-olive oils, juices and concentrates and frozen

vegetables

0

1000

2000

3000

4000

5000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Number of companies working in the food processing sector30

New Investment Law

31

New Investment Law

A transparent, stable investment law expected to improve Egypt’s

investment environment and designed to ease the Foreign Direct

Investment attractiveness, looks set to unleash a fresh wave of

inflows into the country including:

Creating a one stop shop allowing investors to approach a single body

for approval.

Adopting a stable and predictable legal framework for land allocation

processes.

Dealing with Insolvency issues to have a clear and transparent Exit

Market strategy and speed-up processes in case of liquidation.

32

Tax Incentives

Sales tax law: Sales tax on equipment and machines used for

production is trimmed to 2%

Corporate Tax : Flat rate of 22.5%

33

Non-Tax Incentives (Upper

Egypt – secluded areas Allowing project to open its own customs port.

Reducing customs on imported equipment needed for setting-

up to 2%.

Facilitated procedures – One Stop Shop

Reduced energy prices

Refund full or partial costs of extending infrastructure and

utilities to the project.

Government to bear part of the technical training expenses.

Subsidizing the social insurance subscriptions.

Free or discounted land allocation.

Right to Repatriate Capital and Profits

34

Allocation of Land

No Bids and Tenders.

Detailed maps and database of the available land given to

GAFI.

No allocation unless land cleared of any dispute.

Land area and price may not be changed after agreement.

35

Allocation Types

Sale:

Ownership will not transfer until full payment of price; and start of

the production or the operation.

Usufruct/ Lease:

For a maximum of 30 years.

In-kind sharing:

The government can participate in the project by its own land as an

in-kind share.

36

Facilitated Exit Procedures

120 day from receiving liquidation request.

Concerned authorities are required to advise of any liabilities

which are due.

If no such notification has been received then the company is

discharged of any liabilities

37

Alternative Dispute Resolution

Complaint Committee

Investment Contract

Committee

Investment Dispute

Committee

38

Suez Canal Zone

39

SCZone

The SCZone is one of the mega

developments launched to stimulate

economic development and growth in

Egypt

It seeks to transform the area into a

world-class logistics and industrial hub

that serves global and domestic markets.

Over 13,000 hectares of land have been

made available immediately across 3

sites: Port Said, Qantara (Ismailia) and

Ain Sokhna.

Opportunities for investment across all

sectors and particularly: Ports &

Logistics, Manufacturing, Maritime-

related services, ICT and Energy 40

SCZone

Investment Regulatory Incentives: firms are established under 100%

foreign ownership – local partnership not necessary; not subject to

security checks nor to funds confiscation; right to export and import

without customs procedures; lease of land for a period of 50 years.

However, tax is applied when goods enter domestic market.

41

Success Stories

42

43

Unicharm

Unicharm Corporation is the Japanese leading manufacturer of

hygiene products such as baby diapers ,feminine hygiene

products ; adult diapers and wet wipes.

Unicharm Middle East and North Africa S.A.E. in Egypt was

established and started local production in 2013

Babyjoy is one of the best quality baby diapers in the market,

Babyjoy culotte is the cutting edge pants type diapers for baby

, and sofy is very high quality feminine napkins

43

Nissan Motors

Established: 2005 Apr

Area: 104,000 Sq. meters

Employees: TTL 1.1K as of ‘15 Mar

Production Capacity

2 shift: 23.5K units/year

3 shift: 29.2K units /year

FY14 Sales Vol: 28.9K units (Market

share: 10.1%)

FY14 Production Vol: 26.0K units

44

Egypt Value Proposition

Investment Opportunities

Hydrocracker Project in Assiut

46

Project Information

Hydrocraker Project in Assiut Governorate in Upper Egypt with

a total capacity of 2.3 million tons/year of fuel oil to produce

high value petroleum products, as LPG, Naphtha and Gas oil.

The estimated investment cost of the project is USD 2.1 billion.

Project

description

1 million m2 in Assiut Governorate. Location & Proposed

surface for the

project

Government guarantees the raw materials supply as well as

buying the end product.

Upper Egypt’s high demand for petroleum products.

Proximity to main roads network.

Location

Privileges

Project land is to be allocated through usufruct system, and

partnership with the Egyptian General Petroleum Corporation

(EGPC).

Allocation System

EGPC and Assiut Governorate Mandated Authority

Preliminary feasibility study is available Feasibility Study

Availability

Available Infrastructure

Availability

Petroleum & Energy

Menya – Assiut product pipeline

47

Project information

Installation of a pipeline (polyurethane coated) with size 16” / 140 Km .

Construction of pump station including two tanks each of capacity 15000 m² and

two pumps ( main and booster ) .

In addition to the heaters along the pipeline from Menya to Assiut .

Project

description

Along the pipeline route from Menya to Assiut . Location & Proposed

surface for the project

Enhance the products transporting network ( fuel oil ) efficiency to cover

requirement of the electrical power stations at upper Egypt .

Reduce the risk of highways in case of transportation by trucks .

Improvement of the crude oil and petroleum products pipelines national grid

network at upper Egypt region.

Reduce the cost of petroleum products transportation .

Project

Privileges

Temporary acquisitions of land located on the line path until the completion of

implementation .

Allocation System

Municipals & different land owners refer to the route of pipeline . Mandated Authority

Availability of Preliminary feasibility study . Feasibility Study

Availability

Available . Infrastructure Availability

Petroleum & Energy

Sohag- Aswan Product Pipeline

48

Project information

Installation of a pipeline( Polyethylene coated) with size 14’’ (500 Km) from Sohag-

Qena- Aswan

Construction of pump station including 4 tanks capacity of each 10.000 m3 and

auxiliary pumps and 2 main pumps.

Construction of 3 Pump Stations along the Pipeline.

Project

description

Along the pipeline route from Sohag to Aswan

The main pump station at Sohag Governorate

Proposed surface of the main Pump in under study

Location & Proposed


Reduce the risk of highways in case of transportation by trucks.

Improvement of the crude oil and petroleum products pipelines national grid at upper

Egypt region

Reduce the cost of petroleum products transportation.

project

Privileges

The temporary acquisitions of land located on the line path until the completion of

implementation Allocation System

Municipals and different land owners refer to the route of pipeline. Mandated Authority


Availability


Petroleum & Energy

Assiut- Sohag LPG Project

49

Project information

Installation of a pipeline with size 10’’ (127 Km) from Assiut to Sohag. Project

description

Along the pipeline route from Assiut to Sohag.

Location & Proposed


Enhance the LPG transporting network efficiency

Reduce the risk of highways in case of transportation by trucks.

project

Privileges

The temporary acquisitions of land located on the line path until the completion of

implementation Allocation System

Municipals and different land owners refer to the route of pipeline. Mandated Authority


Availability


Petroleum & Energy

Power Stations Management

50

Project information Finance, operate and maintain 3 power stations, executed by

Siemens through EPC+ finance contract, with a total

capacity of 14,400 mega watts.

The estimated total investment costs for the project is Euro 6

billion, in additional to two years operations expenses .

Project

description

Beni Suef , El borolus and new capital cities .

Location &

Proposed surface

for the project

the implementation and the manufacture has been started .

Competitive contract prices – less than the international

prices by 15% .

Competitive financing rates at 3.7% .

Project

Advantages

Transfer the project to a new company with PPA agreement /

BOO system Allocation System

Ministry of Electricity and Renewable Energy Mandated

Authority


Availability

Available . Infrastructure

Availability

Petroleum & Energy

http://cdn.powermag.com/wp-content/uploads/2015/08/AttaqaPowerPlant_Siemens.jpg

Styrene & Polystyrene Complex

51

Project Information Styrene Complex with a total capacity of 300k metric tons/year,

of which 200k metric tons/year will be allocated to the Egyptian

Styrene & Polystyrene Production Company (E-Styrenics),

which is established since 2005. the remaining 100k metric

tons/year will be allocated for exportation.

The estimated investment cost of the project amounts to USD

532 Million.

Project

description

Alexandria, El Dekheila. Location & Proposed

surface for the

project

The existence of E-Styrenics as a buyer for the Styrene

production.

Proximity to El Dekheila port, which facilitates exports.

Project Privilege

Partnership with the Egyptian petroleum and petrochemicals

sectors. Allocation System

The Egyptian Petrochemicals Holding Company (Echem). Mandated Authority


Availability


Availability

Petrochemicals

Sharm El Sheikh Port

52

Project Information The development and operation of an integrated project to serve

the center of the tourist port of passengers in Sharm El Sheikh, as

well as, raising the efficiency of the old cruise ships dock at a

length of 250 m2 and a depth of 10 meters.

The project also include the establishment of:

1. Cruise tourist station.

2. Marina for yachts, with affiliated logistics area.

3. Real estate development and recreational areas.

4. Touristic Bazars area.


500 Million.

Project

description

60,000m2 in Sharm El Sheikh Location & Proposed

surface for the

project

Sharm El Sheikh is a distinguished touristic destination. Location Privilege

BOT system Allocation System

Ministry of Transportation Mandated Authority


Availability


Availability

Logistics & Transportation

Alexandria Port - Petroleum Gouna

53

Project Information

Build, manage, operate and maintain 4 new berths and

develop 5 existing berths with 25 million tons of annual

Capacity and a depth of 15 meters.


200 Million.

Project

description

Alexandria Governorate

Location &

Proposed surface

for the project

Alexandria is a well known maritime destination on the

Mediterranean sea. Location Privilege

BOT system Allocation

System

Ministry of Transportation Mandated

Authority

N/A Feasibility Study

Availability

N/A Infrastructure

Availability


Deikheila Port (Food Processing and

Logistics Center)

54

Project Information

Build, manage, operate and maintain an integrated center for

food processing, packaging and distribution at a berth length of

1350m and a depth of 15 meters.

The river basin is 120 k meter and the logistics area is 1.4 Mil

m2


200 Million.

Project

description

Alexandria, El Deikheila

Location &

Proposed surface

for the project

Location Privilege


System


Authority


Availability

N/A Infrastructure

Availability

الطريق الساحلي الدولي

River Basin


Deikheila Port Dry Bulk Terminal

55

Project Information

Build, manage, operate and maintain the Huge terminal to

the activities of a multi-purpose dry-trading, at Total

length of 1000 m and a depth of 12.5-15 m

The estimated investment cost of the project amounts to

USD 150 Million.

Project

description

262,000 m2 in El Dekheila

Location &

Proposed surface

for the project

Alexandria Governorate, El Dekheila Location Privilege


System


Authority


Availability

N/A Infrastructure

Availability


Damietta Port The Second Container

Terminal

56

Project Information

Build, manage, operate and maintain the first phase of

trading container terminal with capacity of 2 million

container at total length of piers 1300 m and a depth of 17

meters and a back area up to 2 000 000 m2


USD 100 Million.

Project

description

Location &

Proposed surface

for the project

Location Privilege


System


Authority


Availability

N/A Infrastructure

Availability

2nd

Container

Terminal

River

Basin


Damietta Port Multi Purpose Terminal

57

Project Information

Build, manage, operate and maintain multi purpose

terminal at a Berth Length of 630 m, and at a depth 17

meters with a back yard area 75 K Meter


USD 150 Million.

Project

description

Location &

Proposed surface

for the project

Location Privilege


System


Authority


Availability

N/A Infrastructure

Availability

Berth 630m


Damietta Port Logistics Project of

Furniture

58

Project Information

Build, manage, operate and maintain of industrial free

zone logistics on an area of 45 acres to be a maritime

gateway for the furniture industry in Damietta city.


USD 32 Million.

Project

description

45 acres

Location &

Proposed surface

for the project

Location Privilege


System


Authority


Availability

N/A Infrastructure

Availability

location 45 acres


Damietta Port Terminal of Packaging

Vegetables and fruit

59

Project Information

Build a logistic center for packaging, freezing and export

of vegetables and fruits.


USD 25 Million.

Project

description

30 acres

Location &

Proposed surface

for the project

Location Privilege


System


Authority


Availability

N/A Infrastructure

Availability

location 30 acres


Port Tawfik Cruise Terminal Tourist

International

60

Project Information

Build, manage, operate and maintain the Cruise terminal

tourist international Behind the sidewalk north to Port

Tawfiq and a depths of 10 m


USD 25 Million.

Project

description

250,000 m2

Location &

Proposed surface

for the project

Location Privilege

BOT system Allocation System


Authority


Availability

N/A Infrastructure

Availability

Cruise terminal tourist

international


Port Tawfik Marina Yachts Project

61

Project Information

The project will take place in the internal area to the port and

near to the North Pier and the project aims to exploit the old

basin to build an international yacht marina .


10 Million.

Project

description

Location &

Proposed surface

for the project

Location Privilege


System


Authority


Availability

N/A Infrastructure

Availability


El Dekheila / October Railway Freight

line

62

Project Information

Build , Operate , Manage and maintain a new railway

connecting between El Dekheila and Alexandria ports with

the industrial city in 6 October city at a Total length of line

200 km


USD 200 Million.

Project

description

Location &

Proposed surface

for the project

Location Privilege

JV system Allocation

System


Authority


Availability

N/A Infrastructure

Availability


Sokhna /Helwan Railway Freight line

63

Project Information

Build a new freight railway line connecting between Al Ain

Sokhna port and industrial zone in Helwan at a total length

of line 140-km


USD 140 Million.

Project

description

Location &

Proposed surface

for the project

Location Privilege


System


Authority


Availability

N/A Infrastructure

Availability


Dry Port & Logistic Centre in 6th of

October city

64

Project Information

Build, manage, operate and maintain the Dry Port &

Logistic Centre in 6th of October city

Center includes:

•Dry Port

•Transfer activities

•Service activities related activity

•Economic activities (Packaging - Compilation ......)


100 Million.

Project

description

Location &

Proposed surface

for the project

Location Privilege


System


Authority


Availability

N/A

Infrastructure

Availability


Build New Freight Lines River Transport

65

Project Information

Management , Operation and Investment in the transport of

goods river transport lines, most notably Cairo Damietta

line with a bundle in the river port of Damietta Port, as well

as Cairo line - level with the possibility of a bundle and

investment in the port of (Qena river ports -Sohag port-

Assiut port).


USD 100 Million.

Project

description

Location &

Proposed surface

for the project

Location Privilege

BOT-PPP system Allocation

System


Authority


Availability

N/A Infrastructure

Availability


Commercial Complex in New Cairo

66

Project information

Commercial complex project that includes commercial,

administrative, touristic and entertainment areas at New

Cairo.

Project

description

The project is located on an area of 1,680,000 m2 in Beit

Elwattan district at East of New Cairo on the ring road.

Location &

Proposed surface

for the project

Proximity to the urban block of the city, which makes the

project more marketable.

Will act as a landmark for attracting investments .

Distinct location at East of New Cairo on the ring road .

Multipurpose project (commercial, administrative,

entertainment, services, sport and landscapes).

Location

Privileges

Offering the land as in kind share Allocation System

Ministry of housing ,utilities and urban community . Mandated

Authority


Availability

Available . Infrastructure

Availability

Housing & Development

Contact GAFI

Phone: +202 240 55452

Fax: +202 240 55425

Alaa Omar – CEO

1. [email protected]

Mohamed Youssef – Head of Facilitation dept.:


Yasmine Hassanein – Country officer Japan desk:


2.002 01241 73119

Ayah Hussein – Country Officer Japan desk:


2. 002 0128 4444 038

Website: gafi.gov.eg

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