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#free economic zone

Egypt's cabinet has approved the establishment of a new free economic zone in South Sinai's city of Nuweiba, according to Egypt's Minister of Cooperation and Investments Sahar Nasr. Nasr continued in a press conference that the state is keen on establishing free economic zones across the governorates in order to create job opportunities. She added that the new free economic zone will increase the total number of free zones in Egypt to 11, as they represent about 24 percent of…