Egypt : Egypt plans to tender eight trade zones next month
on 2010/9/13 9:56:33
Egypt

20100912
reuters

CAIRO (Reuters) - Egypt's Trade Ministry plans to tender 500 million square metres of land for specialised trade zones next month, part of a plan to boost internal trade and lure more investment, the state news agency reported.

The eight zones, located in six governorates, are expected to attract about 750 million Egyptian pounds worth of investments, the agency MENA said on Saturday, citing Trade Minister Rachid Mohamed Rachid.

Bidding will be open to local and foreign investors. It will last from October 1 to November 30, with contracts awarded in December.

The tender comes within a state plan to double the growth rate of internal trade to 12 percent from 6 percent, and increase investment in the sector, the report added.

The ministry plans to issue a second tender by the end of the year to raise the number of such zones to 16 in governorates including Port Said, Beni Suef, Tanta, and Mansoura.
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