GAFI CEO, 24 ambassadors review Egypt's investment plan

CAIRO - 24 May 2022: CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed Abdel Wahab and ambassadors of 24 countries discussed on Tuesday the Egyptian government's investment plan for the coming period.

 

Abdel Wahab stressed the importance of the meeting as the 24 countries dominate a large portion of the global GDP and trade.

 

Abdel Wahab, during the meeting, reviewed Prime Minister Mostafa Madbouli's most important decisions on offering incentives to investment activities related to the green economy, artificial intelligence, scientific research, and localization of industry as well as reducing the required period to issue approvals and licenses for the investment projects within 20 days.

 

GAFI CEO stressed the keenness of the authority and various state bodies to improve the business environment in Egypt and solve all challenges that the investors could face.

 

The 24 ambassadors reviewed Egypt's investment map, which includes over 2,500 investment opportunities.

 

The diplomats were from Japan, China, Vietnam, Bangladesh, Sri Lanka, Singapore, Indonesia, Pakistan, South Korea, North Korea, Thailand, Brunei, Mongolia, Malaysia, Myanmar, Nepal, Kazakhstan, Tajikistan, Uzbekistan, India, the Philippines, and Cambodia as well as Australia and New Zealand.