Admiral Mohab Mameesh: The economic zone is marked by tax exemption lasting for 20 years

Admiral Mohab Mameesh: The economic zone is marked by tax exemption lasting for 20 years

December 23, 2018
Admiral Mohab Mameesh , chairman of the Suez Canal Authority and Suez Canal economic zone, assured that security is the main promoter for investment, stating that the state managed to control the chaos that happened after 2010.
 


During his participation in the Fifth Economic News Conference, investment session in Sinai, Admiral Mohab Mamesh added that the state will develop the port of Arish to become a worldwide port and a platform for import and export, to promote investment in Sinai.
Admiral Mohab Mameesh indicated that the Suez Canals economic zone is the heart of the world and will be one of the largest economic zones worldwide, through which 12% of the world trade and 20% of the global container traffic with loads exceeding one billion tons. The area is distinguished by flexible laws and tax exemption for 15 up to 20 years, additionally, it also has the advantage of rapid decision making and distinctive investment incentives indicating that it is subjected to the economic zones law.

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