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Article: Springboards for the future export boom.
- Article from:
- MEED Middle East Economic Digest
- Article date:
- February 18, 2000
- Author:
CopyrightCOPYRIGHT 2000 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EGYPT's new free zones are at the heart of the government's strategy to attract investment into export-oriented projects. Two of the new zones -- Suez and East Port Said -- are linked to major new port developments, and the third is a media zone, aimed at generating hard currency through attracting investment in film and television production and satellite transmission.
The most advanced of the zones is Suez, where a number of heavy industrial projects are already underway and the new port is due to start operations towards the end of the summer. The government is also drafting a law to define the status of the Suez zone. It is expected to designate the area as a ...