The Egyptian Cabinet announced in a statement today, Wednesday, that it "approved the establishment of a special free trade zone and an international specialized tourism port in the city of Ras Al-Hikma, west of Alexandria." Egypt signed an investment partnership agreement worth $35 billion with the UAE in February to develop Ras Al-Hikma, in one of the largest deals of its kind.
Title: Egypt Approves Establishment of a Free Trade Zone in Ras Al-Hikma
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