The Head of the Egyptian Investment Authority, Mohammed Al-Ghamrawy, revealed that the giant American Intel Company has decided to open an electronic chips manufacturing plant in Egypt. According to a recent report in Al-Hayat newspaper, the price tag on this project is estimated at $1 billion, and it will provide 1,500 jobs.
Ghamrawy stated that Egypt is considering granting a “free zone” status to this project, so that it can benefit from the available incentives given to such zones. Moreover, he added that Egypt is highly interested in developing projects that involve the transfer of high technology into the country. — (Albawaba-MEBG)
