In implementation of MIFT Minister's directives, Dr. Awad called for the regular monitoring of the financial performance of free zone projects. Such oversight will strengthen the State's ability to craft incentive policies that are more finely attuned to the needs of each economic sector and will reinforce the contribution of free zones to growing Egypt's exports across global markets.
Furthermore, GAFI CEO commended the dedication of Alexandria PFZ's workforce, and their success in striking the right balance between safeguarding the rights of the State and facilitating smooth, investor-friendly procedures — an equilibrium that underpins the sustainability of investments and the ongoing improvement of the business environment.
Dr. Awad noted that Alexandria PFZ leads all free zones nationwide in terms of export value, while Egypt's free zones collectively account for approximately 22% of total merchandise exports. This underscores the pivotal role of free zones in advancing the State's economic development plans, reinforcing the competitiveness of national exports, and generating employment opportunities.