The General Authority For Investment and Free Zones (GAFI) has signed a memorandum of understanding with Singapore's SECC Group on developing investment zones.

Investment and International Cooperation Minister Sahar Nasr witnessed the memo's inking between GAFI Deputy CEO Mohamed Abdel Wahab and SECC Group Chairman Xi Zuo Yi.

In a statement on Sunday, Nasr said the memo is an outcome of her recent visit to Singapore with GAFI Chairman Mohab Mameesh.

After the inking ceremony, Nasr held a meeting with Xi and they agreed on developing investment zones in the Upper Egypt governorate of Qena, Kafr el Sheikh and Banha.

Xi then convened with GAFI CEO Mona Zobaa to discuss means of developing these zones.

SECC Group was established driven by challenges to produce excellence, innovative, diversified developments and engineering solution from concept to creation.

SECC Group is a Singapore based company established on 1997 with offices world wide, SECC Group successfully and efficiently penetrated into middle east booming developments industry, thus after the inception of SECC office in 2006.

Currently involved in several high-profile projects in Qatar, UAE, Egypt and other countries.

SECC offers a wide range of services such as developments and Investment, real estate, design and build, infrastructure, facility management, maintenance.