GAFI
Representatives of major Indian companies operating in Egypt attended the meeting.
His call came during a meeting on Sunday with a delegation of the Saudi Real Estate National Committee headed by Muhammad Abdullah Al Murshid.
The GAFI head added that the State developed a strategy for strengthening investment in human cadres, which includes providing training and capacity-building programs.
The General Authority for Free Zones and Investment (GAFI) and the Saudi Ministry of Investment collaborated in setting a plan to ensure a long-term flow of Saudi investments into Egypt.
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.
These agreements will support the infrastructure, logistics and technology sectors; which work to develop the capabilities of the Egyptian economy.
Those are in the sectors of infrastructure, logistics, port management, food industries, pharmaceuticals, traditional energy, renewable energy, e-payment, digital financial and information solutions.
Chairman of the General Authority for Free Zones and Investment (GAFI) Mohamed Abdel Wahab held a series of meetings in Qatar Monday to discuss new projects as well as existing ones.
The two sides agreed on the need to coordinate field visits to Egypt by the Qatari business community to discuss investment opportunities on the ground.
Abdel Wahab stressed the importance of the meeting as the 24 countries dominate a large portion of the global GDP and trade.
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.
The integrated map will provide comparative and competitive advantages of the various investment opportunities to meet the needs of investors, he went on to explain.
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.
This was stated in a book that features the State's achievements from June 30, 2014 to June 30, 2021.
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.
Abdel Wahab said five companies increased their capital at a total of 10.6 million dollars, while 12 others increased their investment costs at a total of 111.4 million dollars during the past two months.
Prime Minister Mostafa Madbouli issued Monday a decree renewing the appointment of Counselor Mohamed Abdel-Wahab as CEO of GAFI
GAFI chief's remarks were made during a set of bilateral meetings with Bahraini investors as part of his current visit to Bahrain for talks on mechanisms of beefing up joint cooperation and seeking more Bahraini investments to Cairo.
Executive Director of the General Authority for Investment and Free Zones (GAFI) Mohamed Abdel Wahab on Thursday met with a number of investors an businessmen, with Chairman of the Customs Authority El Sayed Negm attending.
Abdel Wahab stated in a statement that the investment costs of these new projects amounted to $ 1.1 billion, and the capital of $ 417 million, during the period from January to September.
Most Read
