General Authority for Investment and Free Zones

Egypt aims to boost FDI by 15% in fiscal year 2024/2025

Mon, 01 Jul 2024 - 01:13 GMT

Hossam Heiba, CEO of the Egyptian General Authority for Investment and Free Zones (GAFI), announced the ambitious target, stating that FDI reached $6 billion in the first half of the previous fiscal year. He added that a recent deal in Ras El-Hekma is expected to further increase the final figure for 2023-2024.

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.

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.

Egypt, UK strengthen investment and trade relations through MoU signing

Thu, 02 May 2024 - 09:21 GMT

Under the MoU, the UK Export Finance, which serves as the British export financing agency, will provide financial support for a range of projects in close coordination with GAFI

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.