This Comes as part of the promotion and awareness campaign “Investment Zones… Where the Elements of Success Come Together”
- A total of EGP 1.1 billion of investments, 52 industrial SME projects, and around 2800 direct jobs
- Dr. Mohamed Farid:
- Banha Investment Zone is an industrial experience that reflects the economic impact of facilitating incorporation and operation procedures to attract investment and stimulate manufacturing.
- I invite investors across all sectors to explore opportunities for growth and expansion through the investment zones framework.
- The promotion and awareness campaign comes at an important time to support efforts to facilitate the investment and business environment.
- The video features interviews showcasing success stories of factory owners that evoke a sense of pride.
As part of the Ministry of Investment and Foreign Trade’s (MIFT) campaign to promote and raise awareness of investment zones under the title “Investment Zones… Where the Elements of Success Come Together”, launched as one of the advanced generations of investment frameworks stipulated in Investment Law No. 72 of 2017, MIFT highlights the investment zone in Banha Governorate as a model reflecting the evolution of Egypt’s investment environment, in light of its positive performance indicators demonstrating its ability to attract investments and provide job opportunities.
Banha Investment Zone embodies the State’s vision for developing integrated investment communities. It has successfully attracted investments exceeding EGP 1.1 billion through 52 diverse industrial projects, providing around 2800 direct job opportunities, thereby reinforcing its role in supporting local economic development and providing sustainable job opportunities.
These achievements come within an integrated system of investment zones across six governorates, comprising 12 investment zones with more than 1200 operating projects, total investments exceeding EGP 66 billion, and occupancy rates of around 90%, reflecting investors’ confidence in the efficiency of this investment model.
Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade (MIFT Minister), affirmed that Banha Investment Zone represents a practical model demonstrating the effectiveness of investment zones as one of the advanced generations of investment frameworks in Egypt. He noted that these zones contribute to creating an attractive business environment based on advanced infrastructure, simplified procedures, and a flexible regulatory framework that supports the rapid implementation of projects.
MIFT Minister added that the Zone’s success reflects the effectiveness of partnerships with the private sector through investment zone developers, ensuring the provision of integrated services to investors and accelerating production and expansion.
Moreover, he noted that the State continues to support and develop investment zones and to replicate successful experiences, enhancing the competitiveness of the Egyptian economy and contributing to the achievement of sustainable development goals and Egypt Vision 2030.
Dr. Farid emphasized that the campaign comes at an important time to raise awareness and knowledge about the advantages of investment zones and how to benefit from them.
MIFT emphasize that the Investment Zone represents a practical model demonstrating the ability of investment zones to transform opportunities into productive projects that support sustainable economic growth, within the framework of the State’s efforts to build a strong, production- and export-driven economy.
