GAFI
The corporation developed 46 infrastructure projects worldwide in the past decade.
About 2,066 Chinese companies operate in Egypt, with investments totaling around $8 billion across diverse sectors such as textiles, clothing, home appliances, and animal feed, said Executive Vice Officer of the General Authority for Investment and Free Zones (GAFI) Yasser Abbas.
The initiative aims to cater to the growing demand within the local market and establish Egypt as a central export hub to Middle Eastern and African regions
The European Union (EU) will begin to fully implement the mechanism for adjusting carbon limits on imports from EU countries (CBAM), starting in January 2026.
The government has finalized determining sites and required investments needed to meet the goal of adding further power capacities generated by the renewable energy amounting to 30 megawatts, said GAFI CEO Hossam Heiba during the meeting.
Heiba also underscored ongoing intensive collaborations with a Turkish team on an additional 10 projects, incorporating roughly 7 new initiatives.
GAFI Chairman met Sunday with Managing Director and CEO of Invest India Nivruti Rai and representatives of major Indian companies.
He emphasized that GAFI will furnish the company with essential resources, including insights on ancillary industries and trade agreements with target export markets.
Chairman of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba met Wednesday with the firm’s chairman.
GAFI is committed to facilitating Saudi investments, explained GAFI CEO Hossam Heiba, noting that the number of Egyptian companies operating in Saudi Arabia reached around 4,000
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.
The forum included meetings between Egyptian and British companies.
The signing of the Ras El Hekma deal with the Emirati Holding Company (ADQ) in February, amounting to $35 billion, has played a major role in surpassing the initial expectations.
Heiba made this announcement while participating in a New Development Bank (NDB) seminar in Egypt.
The meeting, chaired by GAFI CEO Hossam Heiba and Hossam Abdel Qader, Head of the Central Entrepreneurship Department, saw the participation of key stakeholders from the private sector
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
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 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.
The number of hotel rooms - whether regular or floating - added during the first quarter of 2024 was 4,012.
GAFI's achievements across various sectors played a role in securing this award.
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