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.

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

Government positions Cairo International Financial Center as key VC hub in the region

Thu, 16 Nov 2023 - 04:02 GMT

Heiba highlighted the center's role in providing incentives, guarantees, and financial support for private free zones

Egypt to strengthen local automotive manufacturing in new agreement with Global Auto

Thu, 16 Nov 2023 - 02:51 GMT

Madbouly emphasized that the agreement signifies Egypt's commitment to developing the automobile industry

Egypt, Switzerland boost investment opportunities

Wed, 15 Nov 2023 - 02:22 GMT

Heiba emphasized that Egypt remains a crucial investment destination and serves as the primary gateway to Africa

Almost 32.5K companies founded in Egypt in FY2022/23

Tue, 14 Nov 2023 - 04:59 GMT

That is up from 30,961 companies in FY2021/2022.

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

Egypt expects $35B in FDIs within 5 years, GAFI Chairman

Wed, 25 Oct 2023 - 05:44 GMT

Discussing foreign investments, Heiba highlighted that Egypt has placed a keen eye on promoting green and renewable energy projects, and has recently signed nine framework agreements since COP27 with investments worth $50 billion over the next ten years

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


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