The Economic Ministerial Committee has agreed to proceed with the necessary legislative amendments to allow licensing of projects of natural gas-based industries to work according to Free Zones regulations, the Cabinet said in a statement. 

The amendments will allow industries such as fertilizers and petrochemicals to utilize the free zones system. This decision was made in order to encourage investment, operation, and export, especially after recent discoveries led to a surplus of natural gas.

This came during the committee meeting to discuss Egypt’s economic future in the light of the opportunities and the challenges imposed by coronavirus (COVID-19) crisis.