GAFI approves in-house work system of investment zones

By Amwal Al Ghad English On Dec 3, 2018

Mohsen Adel, chairman of the General Authority for Investment and Free (GAFI)

The General Authority for Investment (GAFI) board has approved Monday regulations of an in-house work system to be applied at investment zones.

The board meeting was attended by the Minister of Investment, Sahar Nasr.

The rules are meant to regulate work at investment zones, including the formation of boards and work of executive offices in line with the investment law.

Nasr said that GAFI is working to upgrade free zones and establish new ones with the aim to promote competitiveness with free zones in the Middle East and North Africa region.

Upgrading the work system has came in the frame work of establishing 12 new investments zones , that would include 8,000 projects while participating in the creation of 100,000 job opportunities.

The board also discussed the activation of a digital transformation system at GAFI.

The meeting also took up final arrangements for an Africa 2018 forum, which will be held under the auspices of President Abdel Fattah El Sisi on December 8-9 in the Red Sea resort city of Sharm el Sheikh, Nasr said.