Hossam Heiba

Egypt's foreign direct investment to surpass $40B by 2024

Sun, 23 Jun 2024 - 04:04 GMT

The signing of the Ras El Hekma deal with the Emirati Holding Company (ADQ) in February, amounting to $35 billion, has played a major role in surpassing the initial expectations.

GAFI promotes Dutch investment in Egypt during World Hydrogen Summit

Sun, 26 May 2024 - 11:07 GMT

The summit, which aims to explore ways to support the global energy transition, provided a platform for Heiba to highlight the investment opportunities in Egypt's green hydrogen landscape

Egypt launches Entrepreneurship and Startups unit headquarters

Thu, 23 May 2024 - 01:13 GMT

Heiba stated that the establishment of the unit aligns with the directives of President Abdel Fattah El-Sisi and Prime Minister Mostafa Madbouly to create a dedicated platform to support entrepreneurs and startups

Egypt to set 4 eco-friendly investment zones, with investments of LE 5B

Wed, 22 May 2024 - 02:50 GMT

Egypt is also planning to expand its public free zones by doubling the number of cities by adding 11 new locations over the upcoming two years, according to an official from the Urban Communities Authority.

Egypt, Belarus sign MoU to boost investment cooperation and exchange

Tue, 30 Apr 2024 - 04:20 GMT

The agreement was formally endorsed by Hossam Heiba, the CEO of GAFI, and the Director of the Belarusian agency, Dmitry Krasovsky.

Head of GAFI gives first official confirmation of Ras El Hikma development plans

Thu, 08 Feb 2024 - 10:43 GMT

Heiba’s comments are the first confirmation by an Egyptian official since media outlets began publishing reports last week on the potential sale and development of the area

GAFI, HSBC partner to boost foreign direct investment in Egypt

Wed, 07 Feb 2024 - 01:26 GMT

GAFI’s president stressed that the authority is keen to cooperate with HSBC to attract, introduce, and connect more international investors to the growing business opportunities in Egypt

Qatar, Egypt discuss enhancing economic, investment cooperation

Tue, 23 Jan 2024 - 02:33 GMT

During the meeting, the focus was on establishing cooperation mechanisms that would facilitate seamless economic integration

Foreign companies allowed to preserve capital increase deposit in FX

Tue, 16 Jan 2024 - 03:48 GMT

The CEO of GAFI, Hossam Heiba, expressed that the primary objective of this measure is to alleviate the burden on foreign companies by facilitating their access to foreign currency

Investors to pump $6B in Egypt's renewable energy sector: GAFI

Mon, 15 Jan 2024 - 01:41 GMT

The requests include several alliances, from European-Gulf alliance, a Chinese alliance, and an Indian alliance with each project valued at $2 billion

205 startups receive LE383.5M from Egypt Ventures over 7 years

Mon, 08 Jan 2024 - 12:49 GMT

These investments include LE 222.2 million being directly invested, while LE 166.3 million has been allocated as indirect investments

Egypt targets $12B in FDIs by end of FY23\24

Wed, 03 Jan 2024 - 02:55 GMT

Egypt also set a target to achieve 20 percent rise in FDI flows, driven by the depreciation of its currency

GAFI launches electronic platform for golden license system

Mon, 27 Nov 2023 - 11:03 GMT

During the launch ceremony, Heiba emphasized that the new platform will provide investors with information and data pertaining to the golden license system

1,250 opportunities available as part of Egypt’s investment map: GAFI CEO

Mon, 13 Nov 2023 - 04:24 GMT

These opportunities are spread across 56 state entities, encompassing various sectors such as industry, services, agriculture, and tourism

GAFI assigns 4 Golden Licenses for projects with collective investments of $487M

Sun, 29 Oct 2023 - 02:05 GMT

This brings the total number of companies assigned the license to 24 companies, according to an official cabinet statement

GAFI considers launching new Silver License to support Egyptian startups

Sun, 01 Oct 2023 - 12:40 GMT

The new “Silver License” will target startups and young companies, helping facilitate these companies’ business activities

GAFI, UAE-South African consortium partner to establish financial hub in New Administrative Capital

Sun, 01 Oct 2023 - 11:57 GMT

These projects align with GAFI's overarching strategy of fostering a business-friendly environment and attracting more investments.