Prime Minister is following up on the process of inviting investors to tender bids regarding the fully finished industrial units and facilities (Phase II) at the Investment Zones in Benha and Mit Ghamr.
GAFI CEO: Food, agricultural, engineering and metal businesses are invited. Engaging enterprises will be by way of a 15-year usufruct license that may be renewed.
Dr. Mustafa Madbouly, Prime Minister, along with Counselor Mohamed Abdel Wahab, GAFI CEO, have followed up on the tendering of the fully finished industrial units and facilities (Phase II) at the Investment Zones in the cities of Benha and Mit Ghamr.
Prime Minister applauded the efforts exerted by GAFI to offer investment opportunities for those wishing to generate profits and, at the same time, carry on industrial projects that would create job opportunities and satisfy sustainable development needs in the various governorates of Egypt.
On his part, GAFI CEO stated that the Investment Zone in the city of Benha will host agricultural, food and supply projects, each having a surface area ranging from 240 to 360 square meters, while Mit Ghamr Investment Zone will host metal, engineering, and other projects each having a surface area ranging from 144 to 576 square meters.
He added that the bidding documents relating to the aforementioned investment opportunities are to be available at GAFI Headquarters (located at Sefarat District, Nasr City, Cairo), Benha Investment Zone Headquarters, Mit Ghamr Investment Zone Headquarters, and GAFI's website www.investinegypt.gov.eg.
Moreover, GAFI CEO indicated that those who would like to book more than one industrial unit will be able to apply. Based on the available surface areas and the competitive score system outlined in the bidding documents, investors will be awarded. Entering into agreements with investors regarding said investment opportunities in Benha or Mit Ghamr Investment Zones will be in the form of a usufruct license granted for a period of 15 years that may be renewed, subject to the terms and conditions specified in the bidding documents.
Furthermore, this Invitation to Bid (Phase II) will be open for one month starting from February 14, 2021 and ending on March 15, 2021, GAFI CEO said. As for the pending procedures related to (Phase I), GAFI CEO urged (Phase I) bidders to comply with the bidding terms and conditions; i.e. the persons who have been awarded a license to use units inside the Investment Zones mentioned in the Invitation to Bid (Phase I) must use the designated application forms in order for such persons to enjoy the privileges specified in Invitation to Bid (Phase II), and they must do so within the deadline set for the said (Phase II) Invitation.
In addition, GAFI CEO pointed out that in respect of pending bids in connection with (Phase I) units (i.e. bids that have neither been rejected nor granted license), the persons concerned may re-submit their bids related to the same (Phase I) units for which they have previously applied. However, such submissions must conform to the designated application forms and be made within the deadline set for (Phase II) Invitation in order for such persons to enjoy the privileges accorded within the framework of (Phase II). The persons concerned may also apply for booking other units specified in (Phase II), but such application will be subject to the terms and conditions applicable to (Phase II).
