Egypt’s GAFI signs MoU with QNB to promote investment in Egypt

Egypt’s General Authority for Investment and Free Zones (GAFI) and Qatar National Bank (QNB) have signed a memorandum of understanding (MoU) to enhance cooperation in fostering investment opportunities in Egypt, the cabinet said on Monday.

QNB will enlighten its clients worldwide about the investment opportunities in Egypt and GAFI’s services through its branches, as it will provide accurate information about the economic sector for people who are anxious to invest in the country.

The bank will also participate in organising bilateral and group meetings for the Bank’s customers with the leaders of the Authority during promotional tours inside and outside Egypt, the statement added.

On the other hand, GAFI will provide the bank with all information and legislation related to the business environment and investment opportunities, according to the country’s plan.

The authority shall inform investors of the financing advantages offered by commercial banks for the mutual benefit, Hossam Heiba, Chief Executive Officer of GAFI, said on the sidelines of the signing ceremony.