GAFI

GAFI opens freezones to service-exporting startups to boost Egypt’s entrepreneurial ecosystem

Mon, 12 May 2025 - 10:04 GMT

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

GAFI CEO highlights latest business reforms via streamlined unified tax system

Wed, 23 Apr 2025 - 02:57 GMT

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

Cairo hosts Egyptian-French Business Forum to enhance economic cooperation

Mon, 07 Apr 2025 - 02:28 GMT

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.

GAFI and Giza Governor discuss sustainable investment in Giza and Bahariya Oasis

Mon, 17 Mar 2025 - 01:41 GMT

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.

GAFI hosts 1st Egyptian-Zambian Business Forum

Wed, 26 Feb 2025 - 12:08 GMT

The sectors of priorities for cooperation are energy and infrastructure.

Egypt welcomes Sudanese investments in Qena, Aswan

Sun, 26 Jan 2025 - 12:48 GMT

Incentive programmes are being prepared for young Sudanese business people.

GAFI, OECD launch Arabic Responsible Business Conduct in Egypt document

Sun, 19 Jan 2025 - 03:56 GMT

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 to announce new draft law as part of efforts to overhaul Companies Act

Tue, 14 Jan 2025 - 01:02 GMT

GAFI’s head, Hossam Heiba, explained that the new law will modernize the regulatory framework, particularly to address the growing reliance on electronic documentation.

China's Asia-Potash plans to establish phosphatic fertilizers complex

Thu, 09 Jan 2025 - 11:54 GMT

The aim is exporting 100 percent of the output through Port of Safaga.

Lutai Group to establish its first factory in Egypt with $385M investments

Mon, 16 Dec 2024 - 09:46 GMT

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.

Egypt's GAFI meets with World Bank officials during preparation of Investment Strategy 2025 - 2030

Sun, 01 Dec 2024 - 01:57 GMT

The GAFI statement noted that the strategy adopted the World Bank mechanism in classifying sectors into two categories.

Egypt's GAFI wins award at World Investment Conference

Sun, 01 Dec 2024 - 11:52 GMT

It won the "Contribution to Sustainability & Local Linkages" award.

Egypt seeks to double private investments to 48% by FY2024/25: GAFI CEO

Thu, 28 Nov 2024 - 11:44 GMT

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.

Poland's Hynfra plans to establish green hydrogen plant in Egypt

Mon, 25 Nov 2024 - 10:43 GMT

Its capacity will be 100,000 tons per annum in the first phase that will be completed by 2030.

Japan's JOIN explores investment opportunities in Egypt's infrastructure

Wed, 06 Nov 2024 - 11:16 GMT

The corporation developed 46 infrastructure projects worldwide in the past decade.

2,066 Chinese companies operate in Egypt with $8 bln worth investments: Official

Sat, 26 Oct 2024 - 02:13 GMT

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.

Swiss Chocolate Giant Barry Callebaut to Invest $30M in Egyptian Manufacturing Hub: GAFI

Mon, 07 Oct 2024 - 09:44 GMT

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

GAFI CEO Collaborates with Free Zone Investors to Meet European Standards

Thu, 26 Sep 2024 - 01:35 GMT

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.

GAFI, Japanese delegation probe localization of green energy technology

Thu, 26 Sep 2024 - 11:51 GMT

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.

Egypt in talks with China to establish $100M projects spans across diverse sectors

Mon, 02 Sep 2024 - 12:38 GMT

Heiba also underscored ongoing intensive collaborations with a Turkish team on an additional 10 projects, incorporating roughly 7 new initiatives.

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