Egypt secures $10.04B foreign direct investments in FY2023/2024: GAFI

Wed, 12 Jun 2024 - 02:41 GMT

Heiba made this announcement while participating in a New Development Bank (NDB) seminar in Egypt.

GAFI holds advisory council meeting for newly-launched Entrepreneurship and Startups Unit

Sun, 09 Jun 2024 - 12:53 GMT

The meeting, chaired by GAFI CEO Hossam Heiba and Hossam Abdel Qader, Head of the Central Entrepreneurship Department, saw the participation of key stakeholders from the private sector

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 has 11.5K hospitality establishments worth LE182B: GAFI

Mon, 20 May 2024 - 02:01 GMT

The number of hotel rooms - whether regular or floating - added during the first quarter of 2024 was 4,012.

GAFI wins AIM2024 investment award for Middle East, North Africa

Thu, 09 May 2024 - 03:27 GMT

GAFI's achievements across various sectors played a role in securing this award.

GAFI, AfDB deliver training, consultations to 600 Egyptian entrepreneurs

Tue, 23 Apr 2024 - 11:17 GMT

The AfDB funded the project, while GAFI delivered the workshops through Fekretak Sherketak Center.

PM examines standards for establishing new free zones

Sun, 07 Apr 2024 - 10:54 GMT

The objective was to discuss these criteria with the respective ministers before their submission to the cabinet.

Turkish companies investing in Egypt launch new factories

Wed, 03 Apr 2024 - 12:11 GMT

Chairman of the General Authority for Investment and Free Zones (GAFI) inaugurated Tuesday the expansions.

Egypt's GAFI issues 6 golden licenses to investments worth LE5.6B

Tue, 26 Mar 2024 - 11:20 GMT

The General Authority for Investment and Free Zones (GAFI) issued six golden licenses for investments worth LE5.6 billion upping the total to 29.

Egypt's FDI surges to $10B in FY 2022/23, marking 15-year high

Mon, 26 Feb 2024 - 10:07 GMT

Through analyzing the evolution of net foreign direct investments over the past nine years, excluding the COVID-19 period, foreign direct investments entering non-petroleum sectors reached a net flow of $11 billion.

Egypt's GAFI holds investment promotion meetings in Belgium

Thu, 22 Feb 2024 - 02:55 GMT

That is in preparation for the investment conference Egypt will hold later this year.

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

Vietnamese factory producing 300K tons of filler masterbatch inaugurated in Egypt

Wed, 17 Jan 2024 - 03:41 GMT

Chairman of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba inaugurated Wednesday the first 100-percent Vietnamese investment in Egypt.

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

Maxim Investment Group to establish Egypt's 1st medical resort at LE1.5B

Tue, 09 Jan 2024 - 02:51 GMT

The resort will be built on 40 feddans, creating 4,500 jobs.