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13 Sep 2020

Counselor Mohamed Abdel-Wahab, GAFI CEO, chaired the meeting of the Board of Directors (BoD) of the IDG E-Square Investment Zone

Counselor Mohamed Abdel-Wahab, GAFI CEO, chaired the meeting of the Board of
Directors (BoD) of the IDG E-Square Investment Zone, in the presence of Shady William, Managing Director of the company, and the two sides discussed cooperation to establish a vocational training center and transfer technology to the investment zone. GAFI CEO has approved 22 new projects inside the investment zone, with total capital exceeding EGP 600 million. Counselor Mohamed Abdel-Wahab gave instructions to the executive office of the investment zone to quickly implement the necessary procedures to start activity operation of the approved projects. 
The Managing Director said that the group was able to provide its services of logistics support, utilities, and land allocation for about 140 investors, one third of them are foreigners. Thanks to the good investment climate of Egypt, the company manages and develops an area of 22 square kilometers in the cities of 6th of October, New Alamein and East Port Said.
Counselor Mohamed Abdel Wahab, GAFI CEO, made an inspection tour in 6th of October Investment Zone. The tour included a number of projects operating in the zone
in order to follow up the production movement and discuss opportunities and challenges encountering investors.
The tour included a visit to the "PFN" project in the Investment Zone for the production of non-woven fabrics, which exports half of its products abroad, in addition to the project of the Engineering and Services Technology Company "East", which specializes in providing services and engineering solutions to companies, in order to discuss their
expansion plans during the next stage. Counselor Mohamed Abdel-Wahab said that GAFI’s work system is currently being developed to provide support services to the investment movement, which is represented in providing consultations, solutions and studies to investors, moreover facing challenges through sustainable mechanisms, and cooperating with the concerned bodies in the field of training cadres and building labor capabilities.
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