An Egyptian delegation led by top investment officials visited Qatar to promote opportunities in Egypt and explore partnerships with leading Qatari companies. Meetings focused on sectors like renewable energy and tourism. Officials highlighted Egypt's supportive business environment.
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), and Ghada Nour, Deputy Minister of Investment and Foreign Trade for Investment Promotion and Government Offerings, led the Egyptian delegation in a series of high-level meetings in Qatar. The visit aimed to promote investment opportunities in Egypt and discuss potential partnerships with prominent Qatari companies.
The delegation met with Rashid Al-Mansouri, CEO of Aamal Company, whose representatives expressed strong interest in expanding the group's presence in Egypt. Priority sectors included new and renewable energy, pharmaceuticals, automotive tires, metal industries, and automotive manufacturing. Aamal indicated openness to acquiring existing businesses or partnering in new ventures to add production lines and strengthen its market footprint.
Heiba outlined Egypt's investment incentives, key sectors under the state's development strategy, and recent government reforms to improve the business climate. He emphasized GAFI's proactive role in supporting investors, stating the authority's readiness to provide Aamal with all necessary data and facilitate opportunities aligned with the company's goals.
In another meeting, the delegation discussed expansion plans with Retaj Group, a hotel management company, in Egypt. The group's chairman praised GAFI's support during the establishment of Retaj's Egypt branch, which will manage a new hotel. He also highlighted the company's increasing interest in managing additional hotels and tourism resorts.
Egyptian officials briefed Retaj representatives on the latest business environment developments and government efforts to streamline investment procedures. They presented an overview of Egypt's tourism sector and its tailored incentives, noting the state's ambition to double incoming tourists in the coming years. Achieving this requires expanding hotel capacity and increasing room availability in line with Egypt's Vision 2030.
Heiba concluded the engagements by reaffirming GAFI's commitment to full support for Qatari companies seeking to invest or expand in Egypt. He stressed that addressing challenges and facilitating investment flows are key priorities to bolster economic cooperation between the two countries and unlock broader opportunities in promising sectors.