GAFI approves Emaar Misr's EGP 40bn investment zone

Cairo – Mubasher: The General Authority for Investment and Free Zones (GAFI) approved a new investment zone for Emaar Misr for Development with EGP 40 billion worth of investments.

The investment zone will create about 77,000 jobs, the Executive Director of GAFI, Mohamed Abdel Wahab, said in a cabinet statement on Sunday.

During the first nine months of 2020, Emaar Misr logged net profits of EGP 1.02 billion, up from EGP 628.99 million in the year-ago period, including minority shareholders’ rights.

Mubasher Contribution Time: 22-Nov-2020 11:01 (GMT)
Mubasher Last Update Time: 22-Nov-2020 14:55 (GMT)