Egypt allows free zones’ projects to sell 50% in local market
All projects in Egypt’s free zones are allowed to offer 50% of their production in the local market, the CEO of General Authority for Investment and Free Zones (GAFI) announced in April 9th statement.
For a six-month period, the companies can sell any of their products except banned items.
In addition, industrial projects at free zones can also offer 20% of their stock, including raw materials as well as production supplies and accessories.
This will be subject to the head of the free zone’s approval, yet selling more than the set amount must be approved by GAFI’s chairman.