CAIRO – 1 December 2025: The General Authority for Investment (GAFI) is set to introduce a unified electronic platform to centralize all services for investors. This initiative is part of a broader effort to streamline investment procedures, with the restructuring process scheduled to begin in January in collaboration with an international-Egyptian alliance, as confirmed by GAFI’s CEO, Hossam Heiba.
Speaking at the inaugural meeting of the Egyptian-Korean Committee for Business Development and Investment, Heiba outlined that the new platform would facilitate the electronic issuance of licenses, approvals, and application tracking. In addition, it will introduce the Golden License and improve the customs clearance process, ultimately enhancing the business environment and making Egypt a more attractive destination for foreign investment.
Heiba emphasized that this platform launch is part of a comprehensive reform package currently being implemented by GAFI. The goal is to simplify investment procedures, speed up licensing processes, and improve investor services by digitizing investment services.
In related news, Heiba met with Hyundo Yi, the Commercial Attaché of the South Korean Embassy in Cairo, alongside Egyptian government representatives and key South Korean companies operating in Egypt. The meeting focused on enhancing bilateral cooperation between the two nations.
Heiba assured that GAFI is actively identifying the challenges faced by South Korean companies in Egypt, working on a detailed action plan to resolve these issues in coordination with relevant authorities. This effort aims to create a more efficient and investor-friendly environment that supports the growth and sustainability of South Korean businesses in the Egyptian market.
Furthermore, GAFI's Investor Support Sector provided an update on its recent achievements in post-investment care and the measures taken to improve the business climate and simplify processes, showcasing the country’s commitment to supporting existing businesses and facilitating their expansion.
The meeting concluded with an open discussion, where representatives of South Korean companies shared the main challenges they are facing in the Egyptian market.
Comments
Leave a Comment