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PM Decrees Establishing Investment Zones
 

Prime Minister, Dr. Ahmed Nazif issued his decree No. 1675 / 2007 for establishing investment zones. According to the decree, the authorities which desire to set up, develop, manage and promote these zones among investors will submit their applications to the General Authority for Investment and Free Zones. The following documents are required to be attached to the application:

1- Description of the location requested for establishing the investment zone and the legal status of land possession.

2- Statement of the existing & required utilities and infrastructure.

3- The development and marketing strategy set for the zone, including: general description of the projects to be attracted and promoted in the zone, estimated number of projects, the capital required for establishing them and the number of labor to be hired in the different stages of activity.

4- The general layout proposed for the zone, including the services to be provided for investors.

5- Data of the company that will erect, develop, manage and promote the zone including: previous experience, list of stakeholders and distribution of capital.

6- The timetable proposed for establishing and utilizing the zone.

7- An acknowledgement of the applicant to comply with all environmental, health, security and professional safety standards applied in the Arab Republic of Egypt.

8- A form of the contract intended to be concluded with those who want to invest in the zone, including conformity to the standards and conditions mentioned above and the condition of retrieving the lands unused for a specific period of time.

 

   

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