Economic feasibility studies for projects are very important and influential tools when choosing a new investment project, as the main objective of the feasibility study is to study the possibility of establishing the project, achieving the maximum possible return from the available resources, achieving profits or a return that exceeds the cost invested in it, and reaching a final decision to accept or reject the idea.

Stages of the economic feasibility study for projects:

1- Market study:
• The importance of the project to the market.
• Determine the target groups.
• Identify competitors.
• Measuring the market's absorption of the product.
• Studying supply and demand for the product.
• A mini-study of the marketing methods used for the product and suggesting the most appropriate marketing methods to reach the targeted sales.

2- Technical study:

• Study and choose the project site.
• Planning the production process and stages of production.
• Selection and characterization of production equipment.
• Determine the operating cycle.
• Study of fixed and variable costs.
• Estimating the investment costs required for the project.

3- Financial study:

• Studying the proposed revenue and selling prices.
• Making income statements and future cash flow statements for the project.
4- Financial and economic indicators:
• Analysis of profitability, liquidity and capital recovery period. 5- Project Evaluation:
• General recommendations on the project from the economic and social point of view.