Singapore’s Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met with Vijay Sersi, CEO of Singapore-based Destiny Energy, to discuss the company’s plans to establish a green ammonia production facility in Egypt. Sersi stated that Destiny
GAFI to launch startup offices in free zones within six months
The General Authority for Investment and Free Zones (GAFI) will begin operating the administrative offices dedicated to hosting startups in the Nasr City Free Zone within six months, according to CEO Hossam Heiba. Heiba said GAFI also plans to allocate
Egypt’s solar panel production to begin by early 2026 with up to 90% local component: GAFI
Egypt will begin solar panel production in early 2026 with a local component rate of up to 90%, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). Heiba said the move marks a significant
GAFI leads first investment promotion mission to Indonesia
As part of Egypt’s efforts to diversify sources of foreign investment, particularly from East Asian economies, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), led the Authority’s first-ever investment promotion mission to the Republic of
MSMEDA injects EGP 4.9bn to finance 128,290 small, micro projects in border governorates over 11 years
Bassil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that between July 2014 and August 2025, the agency has allocated around EGP 4.9bn to finance 128,290 small and micro projects in Egypt’s border governorates, creating
Malawi explores Egypt’s experience in free zone management
The General Authority for Investment and Free Zones (GAFI) hosted a delegation from the Malawi Investment and Trade Centre to learn from Egypt’s experience in managing free and investment zones. The visit took place within the framework of cooperation between
Egypt’s Investment Minister discusses cooperation with leading French companies
Minister of Investment and Foreign Trade Hassan El-Khatib reaffirmed the strong and steadily growing economic relationship between Egypt and France, emphasizing that bilateral ties have deepened in recent years thanks to the political will of both countries’ leadership. El-Khatib made
French investments in Egypt surpass $7bn across 180 companies: GAFI chief
French investments in Egypt have exceeded $7bn, spread across more than 180 companies, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). Speaking at the opening of the Egypt–France Business Forum in Cairo on
N Gage Consulting, GAFI sign MoU to boost investment in Egypt
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), and Sherif Fahmy, CEO of N Gage Consulting, have signed a Memorandum of Understanding (MoU) to enhance cooperation in promoting investment in Egypt. The agreement formalizes the
GAFI and Mashreq Bank to promote investment opportunities in Egypt
Egypt’s General Authority for Investment and Free Zones (GAFI) and Mashreq Bank Egypt have signed a memorandum of understanding (MoU) to enhance cooperation in the field of investment and promote Egypt’s growing business opportunities. The MoU was signed on