Why is Egypt establishing an economic zone for citrus concentrates?
Egypt's recent approval of a special economic zone for citrus concentrates is a strategic move aimed at boosting its agricultural exports and capitalizing on the country's abundant citrus resources. The newly established "Ghrs for Citrus Concentrates" zone will be located in Port Said’s industrial area, spanning 10,000 square meters. This zone is dedicated entirely to the production of citrus concentrates, with the company operating there required to export all of its output, ensuring that it targets global markets.
In line with Egypt’s focus on supporting local agriculture, the company must use 100% locally sourced ingredients. This policy not only enhances the value of domestic crops but also strengthens the country’s agricultural supply chain. Furthermore, the project is designed to adhere to strict safety and environmental standards, ensuring compliance with industrial security and fire prevention regulations, as well as obtaining clearance from the Egyptian Environmental Agency.
The initiative is expected to bring significant economic benefits. With an investment of approximately $10 million, the project is set to create over 300 jobs and produce an estimated 2,500 tons annually during its initial phase. Oversight will be provided by the General Authority for Investment and Free Zones, which will ensure that all regulatory and operational guidelines are met.