General Authority for Investment and Free Zones

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

Majid Al Futtaim Holding Group to invest $1B into Egyptian markets

Mon, 27 Nov 2023 - 01:02 GMT

The CEO of the group also mentioned that the company has already invested $2.5 billion in Egypt so far

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

Egypt holds 'Business and Investment Forum' in China attracting 120 participants

Sun, 03 Sep 2023 - 01:26 GMT

The Ministry of Foreign Affairs and the General Authority for Investment and Free Zones (GAFI) collaborated to hold the "Business and Investment Forum" on Thursday.

GAFI aims to resolve investors' problems: Chairman

Mon, 10 Apr 2023 - 03:19 GMT

Heiba, meanwhile, vowed that 80 percent of the problems facing investors will be resolved before June 30.

Sisi: Private sector’s contribution to Egypt’s economy 70-75%, state to remove investment obstacles within 2 months

Tue, 27 Sep 2022 - 11:30 GMT

Sisi made his remarks on Tuesday during the inauguration of a number of projects belonging to the General Authority for Investment and Free Zones (GAFI).

President Sisi inaugurates projects of General Authority for Investment, Free Zones

Tue, 27 Sep 2022 - 08:23 GMT

The president inaugurated via video two free zones in Qalyoubia's Benha and Dakahlia's Mit Ghamr that belong to GAFI.

GAFI chairman in talks over increasing German investments in Egypt

Thu, 15 Sep 2022 - 02:53 GMT

Abdel Wahab made the remarks during a meeting with CEO of Association of German Chambers of Industry and Commerce (DIHK) Martin Wansleben.

GAFI CEO confers with delegation of FICCI on boosting joint cooperation

Mon, 25 Jul 2022 - 02:50 GMT

Representatives of major Indian companies operating in Egypt attended the meeting.

GAFI head urges fostering investment relations with Saudi Arabia

Sun, 26 Jun 2022 - 03:48 GMT

His call came during a meeting on Sunday with a delegation of the Saudi Real Estate National Committee headed by Muhammad Abdullah Al Murshid.

GAFI head hails Majid Al Futtaim's selection of Egypt for its regional outsourcing services business

Thu, 23 Jun 2022 - 04:05 GMT

The GAFI head added that the State developed a strategy for strengthening investment in human cadres, which includes providing training and capacity-building programs.

GAFI launches many incentives to attract more foreign investments to Egypt

Tue, 21 Jun 2022 - 12:29 GMT

The investment investments include facilitating the procedures for investors to obtain the lands needed to implement their projects, and setting time plans for the implementation of projects.

Agreements signed bet. Egypt, Saudi Arabia to develop capabilities of Egyptian economy: GAFI

Tue, 21 Jun 2022 - 12:16 GMT

These agreements will support the infrastructure, logistics and technology sectors; which work to develop the capabilities of the Egyptian economy.

GAFI chief, Jordan investment minister discuss cooperation

Mon, 11 Apr 2022 - 02:33 GMT

This came during a meeting Abdel Wahab held with Jordanian Minister of Investment Khairy Amr to explore investment chances and exchange viewpoints on the investment climate in the two countries.

GAFI head, Belgian amb. confer on opportunities to attract Belgian investments to Egypt

Tue, 08 Feb 2022 - 02:16 GMT

In a statement issued by GAFI on Tuesday, Abdel Wahab asserted GAFI’s keenness on supporting and boosting investment cooperation so that the volume of Belgian investments is up to the depth of bilateral ties.

Cabinet approves GAFI's draft resolution on "golden license" for investment projects

Thu, 23 Dec 2021 - 04:25 GMT

During the meeting, GAFI CEO Mohamed Abdel Wahab said the authority is currently coordinating with all ministries to make a list of the projects that would benefit from the golden license.