Shabait.com (Asmara)
24 June 2009
Massawa — The managing director of the Eritrean Free Economic Zones Authority, Dr.Araya Tsegai, said that investors are demonstrating high interest in the zones in view of their strategic location and the prevailing favorable investment climate in the country.
Pointing out that the authority has been making the necessary advance preparations and putting in place infrastructure facilities, Dr.Araya stated that Massawa and Assab along with their port facilities as well as airports have been placed under the administration of the Authority.
He further explained that companies from various countries have already filled the required formalities and that the Free Economic Zones Authority is on a promising take off stage. Moreover, other than the ventures to be embarked upon on an individual basis, there would take place government-to-government investments in the Eritrean Free Economic Zones, Dr.Araya elaborated.
Be the first to Write a Comment!
Copyright © 2009 Shabait.com. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.
