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Egypt approves establishment of special free zone in Ras al-Hikma

Middle East News

2024-04-24 | 07:17

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Egypt approves establishment of special free zone in Ras al-Hikma

Egypt's Cabinet said in a statement on Wednesday that it approved the creation of a special free zone and an international specialized tourist port in the city of Ras al-Hikma, west of Alexandria.

In February, Egypt signed a $35 billion investment partnership agreement with the UAE to develop Ras al-Hikma, in one of the largest deals of its kind.

Reuters

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