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Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), and Ghada Nour, Assistant Minister for Investment and Foreign Trade, met with Khalifa bin Jassim Al Thani, Chairman of the Qatar Chamber of Commerce and Industry, and several board members, in the presence of Egypt’s ambassador to Doha. The meeting reviewed the latest developments in Egypt’s investment climate ahead of new Qatari investments expected to enter the local market.

Heiba stressed that GAFI is operating under a strategy designed to attract investments across a set of priority sectors that align with the plans of Qatari investment institutions. These sectors include chemicals, petrochemicals, automotive manufacturing, food processing, infrastructure, agriculture, healthcare, and green hydrogen. He also highlighted the preferential advantages available through Egypt’s various investment systems, including free zones, investment zones, and the Suez Canal Economic Zone.

The GAFI chairman noted that Egypt has activated a package of incentives supporting green economy projects, artificial intelligence applications, innovation, and industrial localization. He also pointed to streamlined procedures and clear timelines for delivering investor services. He added that Egypt has introduced multiple reforms to facilitate foreign direct investment, alongside establishing mechanisms to address challenges facing investors. He stressed the government’s strong commitment to empowering the private sector and expanding its role in development and job creation.

For his part, the Chairperson of the Qatar Chamber said Qatari investors are highly interested in expanding their presence in Egypt and establishing joint ventures with Egyptian business leaders for the benefit of both countries.

Both sides agreed to continue close cooperation, exchange data on investment opportunities targeted by Qatari agencies, intensify technical meetings with Qatari companies, and reaffirm GAFI’s commitment to supporting those companies to accelerate the launch and operation of their projects in the Egyptian market.

Source: Daily News