Breadfast Project Approved in Abu Rawash Investment Zone
The board of the investment zone operated by Al Ahly for Industrial Development in Abu Rawash has approved Breadfast’s project for manufacturing, packaging and trading food products, making it one of the first four projects cleared for establishment in the zone. The development is planned to host 118 factories with total investments of about EGP 14 billion and is expected to create around 28,000 jobs.
First four projects approved
The approval came during a meeting of the investment zone’s board chaired by Dr. Mohamed Awad, CEO of the General Authority for Investment and Free Zones, to review progress on the project plan and assess the zone’s performance in attracting new investments.
Awad announced the board’s approval for four projects. They include Breadfast’s food manufacturing, packaging and trading project, as well as Best Egyptian Canning Company’s project for producing, preserving and packaging food products.
The approvals also cover the National Commercial Company for Agricultural, Chemical and Industrial Works, known as Nasita, for storage and logistics solutions, along with Flexstock Egypt’s project for managing storage operations.
70% of first-phase infrastructure completed
Samah Gabra, managing director of Al Ahly for Industrial Development, said the company has completed around 70% of the infrastructure and preparation work for the project’s first phase.
Gabra praised cooperation between the General Authority for Investment and Free Zones and the company’s management, highlighting the investment-zone system that allows companies to obtain all required approvals through a single body: the investment zone’s board, which brings together the authorities responsible for investment matters.
He also confirmed the company’s readiness to contribute to development plans in areas surrounding the investment zone, as part of its community role in supporting the state’s economic development plans.
118 factories and EGP 14 billion investment
The zone is planned to accommodate 118 factories across a built-up area of 1.3 million square meters, out of a total investment-zone area of 2.1 million square meters.
The remaining land will be allocated to roads, services and green spaces. The zone’s planned total investment cost is estimated at about EGP 14 billion.
28,000 jobs expected
Projects within the investment zone are expected to generate around 28,000 jobs across industrial activities, training centers and logistics services.