Yasser Abbas – Vice Chairman of the Egyptian Internal Trade Development Authority (ITDA),

Stressed that after the Egyptian economic forum, the most important projects that it is schedule 

establish is the global city With a total investment 40 billion pounds, noting that it is aiming to provide

around 500 thousands job opportunities implemented later this year 2015 .

The vice president further added that the authority agreed with the governorates to provide variable

space lands in all governorates to build about 27 retail outlets total investment of 9 billion pounds in

5 years within the authority’s plan to inaugurate the second generation of commercial developers to

establish logistic zones in all governorates.

Abbas added that the launch of 114 feddans in Gharbia, Assiut, Minya and Port Said with an investment

worth 800 million pounds is just a step.

As for the price system ITDA’s Vice President Yasser Abbas stated that Price controls does not come

only by over sighting the price guide But by the presence in the markets as the private sector referring

for plans to establish a logistic service zone In the governorates, access to the cities then villages.