fbpx

GAFI approves the establishment of Tarboul investment zone at $16.18b

GAFI approves the establishment of Tarboul investment zone at $16.18b

The General Authority for Investment (GAFI) announced it approved the request of GV Investments company to establish Tarboul smart investment zone, and this is amid Egypt’s vision to create more smart infrastructure and logistic zones.

The city spans an area of 26,000 feddan in Southern Giza with a total investment of US$16.18b and it is to combine a mix of industrial activities, Business services logistic Centers, and Modern and administrative facilities under a smart concept.

GV Investments company believes in Egypt’s current mission of boosting the industrial sector and supporting exports through an integrated smart infrastructure and investment system.

The Tarboul City development came in partnership with the General Authority for Construction and Housing Cooperatives that affiliated to the Ministry of Housing and Development. The smart vision will guarantee to have efficiencies and renewable energy components, a system for recycled waste and for air and water quality.

Egypt has 16 investment zones across the country, 11 are operational and built on a total area of ​​2,400 feddan, including 1,269 projects. In addition, there are 5 under-construction investment zones in Cairo and Giza, with a total area of about 2,000 feddan, including 311 projects.

The investment cost of the project was estimated at EGP 500bn. It would provide 750,000 direct job opportunities. The project comes in line with Egypt’s Vision 2030 regarding the establishment of green and smart cities.

There are 16 investment zones across the country, of which 11 are operational and built on a total area of ​​2,400 feddan, including 1,269 projects with a total investment of EGP 34bn. 

They provided more than 90,000 job opportunities. In addition, there are 5 under-construction investment zones in Cairo and Giza, with a total area of about 2,000 feddan, including 311 projects, with investments amounting to EGP 157bn. They would provide more than 167,000 job opportunities.

If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.