Egypt, China sign MoU to enhance joint investments

By Sama Mousa On Sep 17, 2023

Mr. Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI CEO), and Mr. Jimmy Chiang, Associate Director-General of Invest Hong Kong during the signing of the MoU.

Egypt and China signed a memorandum of understanding (MoU) to boost investments, said the General Authority for Investment and Free Zones (GAFI) on Saturday.

The GAFI CEO Hossam Heiba signed the MoU with Chinese Associate Director-General of Invest Hong Kong Jimmy Chiang.

Both officials are set to organise visits for Chinese representatives from financial and industrial firms to help them explore investment opportunities in Egypt.

The MoU was signed during the eighth Belt and Road Summit in Hong Kong. Heiba gave a briefing on the important measures the Egyptian government took to attract further foreign direct investments (FDI).