Mohamed El-Gossaki, CEO of the General Authority for Investment and Free Zones (GAFI), met with Mohamed Awad, Head of the Internal Trade Development Authority (ITDA), to discuss joint coordination mechanisms and identify practical, long-term solutions to challenges facing investors, particularly in commercial registry procedures and the non-confusability certificate. The meeting was attended by Yasser Abbas, GAFI's Deputy CEO, Karim El-Shafei, ITDA's Deputy Head, and representatives from the Ministry of Communications and Information Technology.
Mohamed El-Gossaki emphasized the importance of integration and joint action among state institutions to achieve national economic objectives, underscoring the need to align visions and efforts between GAFI, ITDA, and the Ministry of Communications and Information Technology. He stressed that working as one team is essential to improving the investment climate and streamlining procedures for investors. The meeting aimed to assess current services provided to investors, discuss proposals and practical solutions, and ensure continuous development of the investment environment in line with global best practices regarding service quality, speed, and ease of access.
El-Gossaki also highlighted the importance of closely monitoring the implementation of agreed outcomes with clear timelines to deliver tangible results as swiftly as possible. He noted that the state has taken serious steps toward implementing an integrated digital system that supports financial inclusion and enhances service efficiency.
For his part, Awad stated that ITDA has undertaken several measures to upgrade and digitize services for investors, reaffirming the authority's commitment to effective cooperation with GAFI and the Ministry of Communications and Information Technology. He presented proposals to facilitate investment procedures and accelerate company incorporation processes. Awad stressed that the authority's priority in the coming phase is to enable swift company establishment, emphasizing coordinated action to overcome investor obstacles in support of the state's efforts to improve the investment climate and enhance the competitiveness of the Egyptian economy.
GAFI's Deputy CEO and Free Zones officials reviewed the authority's progress in fully digitizing its services, including the development of the company incorporation system and efforts to enhance efficiency, speed, and accuracy of investment-related services. The meeting concluded with agreement on strengthening coordination among relevant entities, with clear delineation of roles and responsibilities to address existing challenges. Participants emphasized regular follow-up on decisions and proposals, and assessing progress on the ground to achieve targeted outcomes and further strengthen the investment climate.
