Private free zones’ terms reviewed, new controls to be introduced

The Ministry of Investment is currently reviewing terms controlling the work of private free zones and the application of new controls for their work, according to Investment Minister Ashraf Salman.

Salman said this would be in an effort to protect workers in the projects set up in the free zones.
"The regularisation of the work system of the private free zones aims to ensure the continuation of the production and exports abroad,” Salman said during his meeting with heads and members of a number of Investors Associations, including Nasr City, Port Said and Alexandria on Thursday evening.

In an Investment Ministry press statement, Salman noted that private and public free zones employ nearly 200,000 workers. They also form a large proportion of Egyptian exports that provide foreign currencies that are important for the Egyptian economy.