Gafi hosts Canadian business delegation to explore investment opportunities

The General Authority for Investment and Free Zones (Gafi) hosted a delegation of Canadian business leaders from the Canada-Egypt Business Council to explore investment opportunities and strengthen economic ties between Egypt and Canada. Gafi presented a comprehensive overview of Egypt's investment climate, emphasizing its competitive advantages and strategic location. Discussions covered various investment frameworks and available incentives.

The General Authority for Investment and Free Zones (Gafi) welcomed a delegation of Canadian business leaders from the Canada-Egypt Business Council (CEBC) in a meeting aimed at exploring investment opportunities and bolstering economic cooperation between Egypt and Canada.

Gafi delivered a detailed presentation on Egypt's investment climate, underscoring the competitive edges of the Egyptian economy, its strategic geographic position, and priority sectors for investment. The authority also highlighted the Investment Map, which outlines a broad array of opportunities across various sectors.

The session reviewed services offered by the Investment Services Center (ISC), including streamlined processes for company incorporation, licensing, and land allocation, as well as all investor-related services via a unified digital platform.

Discussions delved into Egypt's diverse investment frameworks, such as Free Zones, Investment Zones, Technological Zones, and Special Economic Zones, along with incentives and facilitations for foreign investors.

Delegation members posed questions about Egypt's investment regulatory framework, particularly the Golden License mechanism and company incorporation procedures. The meeting wrapped up with an open discussion among business representatives from both nations, followed by a site visit to the Investment Services Center. Gafi reaffirmed its full commitment to assisting Canadian investors and enhancing bilateral investment relations between Egypt and Canada.

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Egyptian President el-Sisi and Turkish President Erdoğan shaking hands at a Cairo summit, signing economic agreements amid applauding business leaders.
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Egypt and Türkiye strengthen economic partnership through business forum and agreements

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Egyptian President Abdel Fattah El-Sisi received his Turkish counterpart Recep Tayyip Erdogan in Cairo on Wednesday, where they co-chaired the second meeting of the High-Level Strategic Cooperation Council, signing a joint statement and several memoranda of understanding in defence, trade, investment, and other fields. The General Authority for Investment and Free Zones (GAFI) participated in the Egypt-Türkiye Business Forum to boost economic ties. The visit aims to elevate bilateral trade to $15 billion.

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Egypt’s General Authority for Investment and Free Zones (Gafi) held a roundtable with the Hong Kong Trade Development Council (Hkt dc) to explore ways to strengthen investment ties in the textile and ready-made garments sector. The meeting was led by Mohamed El-Gousky, Gafi’s chief executive, and included Katherine Fang Suk Kwan, chairwoman of Hkt dc’s Garment Advisory Committee, along with representatives from Egypt’s Apparel Export Council, local firms, and manufacturers from both sides.

Abdel Aziz El-Sherif, first undersecretary of Egypt's Ministry of Investment and Foreign Trade and head of the Egyptian Commercial Service, met with German commercial counselor Miguel Seco and Maren Diale, president of the Arab-German Chamber of Industry and Commerce, to review Egyptian-German economic ties and prepare for the seventh session of their joint economic committee. El-Sherif emphasized the strong bilateral relations and Germany's role as a key trade and investment partner. Bilateral trade reached about €5.5 billion in 2024, with cumulative German investments totaling €3 billion by February 2025.

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Egypt's Minister of Investment and Foreign Trade Hassan El Khatib held high-level meetings with executives from major international firms on the sidelines of the World Economic Forum in Davos, Switzerland, to review investment opportunities in key sectors of the Egyptian economy. The discussions aimed at strengthening economic cooperation with global partners and showcasing the government's reform agenda to improve the investment climate. The talks involved Uber, Olayan Group, and UPL, focusing on smart transportation, agriculture, and energy.

Egypt and South Korea have signed a joint statement paving the way for a Comprehensive Economic Partnership Agreement to boost investment and trade ties. The signing occurred during a bilateral meeting with senior officials from both nations. The framework emphasizes technology transfer and industrial development in key sectors.

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Mohamed Atta Gad, chairperson of Mag Group for Trade and Investment, joined a meeting with Egypt's Foreign Minister Badr Abdelatty, alongside private sector representatives and Egyptian companies, to bolster coordination between economic diplomacy and the business community. The gathering aimed to enhance cooperation between the Ministry of Foreign Affairs and the private sector, reinforcing Egyptian firms' role in expanding economic presence across Africa and supporting sustainable development goals.

 

 

 

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