GAFI
Startups operating in sectors such as software exports and artificial intelligence (AI) will be offered a range of incentives, including simplified administrative procedures and full exemptions from customs duties and taxes
The new taxation model is expected to roll out within the next few months as part of a national effort to simplify investment procedures and encourage private sector growth
Looking ahead, Heiba shared that Egypt has set ambitious targets for the coming years, including attracting $60 billion in foreign direct investments and raising exports to $145 billion.
Governor El-Naggar highlighted the significant strides made in the region's infrastructure, particularly the improvement of roads, which have boosted the investment potential of many areas in Giza.
The sectors of priorities for cooperation are energy and infrastructure.
Incentive programmes are being prepared for young Sudanese business people.
Hassan El-Khatib, Minister of Investment and Foreign Trade, opened the event, highlighting the government’s dedication to aligning its national development plans with the United Nations’ Sustainable Development Goals (SDGs).
GAFI’s head, Hossam Heiba, explained that the new law will modernize the regulatory framework, particularly to address the growing reliance on electronic documentation.
The aim is exporting 100 percent of the output through Port of Safaga.
Liu Deming, Lutai’s Global Marketing Director, confirmed the company’s goal to create a full supply chain in Egypt, from yarn production to garment manufacturing, with 100% of the output for export. This aligns with Egypt’s strategy to attract export-oriented investments.
The GAFI statement noted that the strategy adopted the World Bank mechanism in classifying sectors into two categories.
It won the "Contribution to Sustainability & Local Linkages" award.
Talks centered on enhancing economic ties between Egypt and Saudi Arabia, exploring joint investment projects, and evaluating the positive impact of their bilateral investment agreement.
Its capacity will be 100,000 tons per annum in the first phase that will be completed by 2030.
The corporation developed 46 infrastructure projects worldwide in the past decade.
About 2,066 Chinese companies operate in Egypt, with investments totaling around $8 billion across diverse sectors such as textiles, clothing, home appliances, and animal feed, said Executive Vice Officer of the General Authority for Investment and Free Zones (GAFI) Yasser Abbas.
The initiative aims to cater to the growing demand within the local market and establish Egypt as a central export hub to Middle Eastern and African regions
The European Union (EU) will begin to fully implement the mechanism for adjusting carbon limits on imports from EU countries (CBAM), starting in January 2026.
The government has finalized determining sites and required investments needed to meet the goal of adding further power capacities generated by the renewable energy amounting to 30 megawatts, said GAFI CEO Hossam Heiba during the meeting.
Heiba also underscored ongoing intensive collaborations with a Turkish team on an additional 10 projects, incorporating roughly 7 new initiatives.
