Authority for Investment and Free Zones (GAFI) Ahmed Zohair's speech during his participation at a panel entitled "Emerging Opportunities for Trade with Super Connectivity" at the Egyptian-Pakistani summit celebrating 70 years of diplomatic Relations “TDA
CAIRO - 24 September 2018: Egypt targets a growth rate of 6 percent during the current year after achieving a growth of 5.3 percent in 2017/ 2018, Director of the General Authority for Investment and Free Zones (GAFI) Ahmed Zohair said.
Zohair added that the economic improvements came as a result of the political stability Egypt has witnessed.
As per Egypt’s vision 2030, he said that the three economic pillars of this vision are: infrastructure, logistic infrastructure and streamlining the procedures. Zohair stated that Egypt aims to be a trade hub in the Middle East and Africa.
Why Egypt?<\b>
The director of GAFI presented the advantages of investing in Egypt, referring to the unique location of Egypt as it connects three continents; Africa, Asia and Europe.
He added that Egypt has a huge market with a big population which makes it a perfect investment destination. Additionally, Egypt is a very competitive investment destination in terms of the cost of starting a business, he stated.
Zohair disclosed that the investment law protects investors' business and provides incentives to encourage investors to invest in Egypt.
This came during Zohair's participation at a panel entitled "Emerging Opportunities for Trade with Super Connectivity" at the Egyptian-Pakistani summit celebrating 70 years of diplomatic Relations “TDAS’18”.
The summit will take place on September 24 and 25.
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