Investment plan

FATF CEO and 24 ambassadors review Egypt’s investment plan

DOSSIER – General Authority for Investment and Free Zones (GAFI)

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

Abdel Wahab underlined the importance of the meeting as the 24 countries dominate a large part of the world’s GDP and trade.

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

The CEO of GAFI underlined the concern of the authority and various state bodies to improve the business environment in Egypt and to solve all the challenges that investors may face.

The 24 ambassadors reviewed the Egyptian investment map, which includes more than 2,500 investment opportunities.

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