CAIRO – 13 November 2023: During a meeting between Prime Minister Mostafa Madbouly and Hossam Heiba, the CEO of the General Authority for Investment and Free Zones (GAFI), it was announced that there are currently 1,250 investment opportunities available on Egypt’s investment map.
These opportunities are spread across 56 state entities, encompassing various sectors such as industry, services, agriculture, and tourism. These entities include ministries, governorates, agencies, and the private sector.
Egypt has been actively working to attract foreign investments by undertaking visits to different countries and participating in international events and conferences, according to Heiba.
One significant topic discussed during the meeting was the outcome of the electronic land plot program. The Industrial Development Authority (IDA) successfully executed eight proposals as part of this program.
These proposals involved providing 2,650 plots of land for industrial investment across 21 industrial zones in 14 governorates.
Furthermore, 1,657 industrial complexes were made available in seven industrial cities. The IDA also extended the initiative by offering 1,141 investment opportunities in development clusters located in both North and South Sinai.
Prime Minister Madbouly emphasized the importance of attracting new foreign investments and simultaneously resolving any issues faced by investors to facilitate the expansion of their projects.
He highlighted that the government has provided unprecedented support and incentives, particularly for industrial investors, as part of its efforts to promote the localization and growth of the industry.
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