Egypt's ITDA, Greek firms enter negotiations

2019-03-05 09:06:53

(MENAFN) Egypt's Internal Trade Development Authority (ITDA) is currently negotiating with investors and firms from Greece potentials of a deal to create a ready-made garments market in the African country.

The market will be covering 100 feddans and is to require as much as USD100 million, affirmed ITDA head Ibrahim Ashmawi.

Several Greek firms, the ITDA chief unveiled, have already voiced their willingness to allocate some investments within various developmental and trade initiatives in Egypt's New Valley governorate.

Ashmawi further called on possible investors to take advantage of the good number of investment chances to be issued next month.

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