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Friday, November 27 - 2009

Egypt invites India to build industrial zone

  • Egypt: Monday, November 02 - 2009 at 11:51

The Egyptian government has offered to let India build an industrial zone in the Suez development area for setting up joint ventures with Egyptian companies, India's Economic Times has reported. The Suez development area, located on the north-west coast of the Gulf of Suez, has less bureaucratic barriers to business formation and provides tax incentives. Indian companies have invested about $750m in 40 projects in Egypt.

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