Page 51 - EGYPT - En Vol.4 HD

E gypt
Snapshot of E gypt 49
B. Free Zones:

• The investor has to demonstrate seriousness in implementing the project
within (90) days from the date on which Investor has been served a
notice to receive the land in accordance with the terms and conditions
agreed upon in the usufruct contract. Such period may be extended for
another in light of the justifications provided by Investor.

• The investor shall hand over the land allocated for him to the zone
management upon the termination of the project or nullification of
the approval issued for the project and the land shall be cleaned of any
occupancies.

Usufruct Prices in Public Free Zones - Annually

8.05 USD/m 2
Industrial Activity
President El-Sisi Inspects Nasr City Public Free Zone Cairo – Giza – Alexandria –
Menofia – Suez – Portsaid –
Ismailia – Damietta 12.65 USD/m 2
• Allocation of real property required for setting up the investment projects Storage or Services
Activity
within the Public Free Zone System is made by usufruct licensing in
accordance with the rules and provisions set out by the Executive
1.75 USD/m 2
Regulations of the Investment Law. Investor has to communicate with the Industrial Activity
Qeft in Qena Governrate
Public Free Zone management, within (30) days from the date on which
Investor has been notified of the approval on setting up the investment Storage or Services 3.5 USD/m 2
project, in order to receive the land allocated for implementing the Activity
investment project, as well as signing the usufruct contract and paying Source: GAFI - Sep. 2023
the prescribed fees.