GAFI encourages foreign firms to boost investments in Egypt

Egypt’s General Authority for Investment and Free Zones (GAFI) on Wednesday decided to form committees to encourage foreign firms to increase their investments in the local market and to eliminate obstacles they may encounter.

The GAFI board meeting was chaired by Minister of Investment and International Cooperation Sahar Nasr.

The meeting was held with the purpose of discussing preparations for the Invest in Africa Forum, scheduled to be held in Cairo on 23 November.

Nasr said the forum aimed at unveiling promising venture opportunities in Africa in all sectors, adding that it provided the chance to review Egypt’s integrated vision for Africa’s development, especially that Egypt is chairing the African Union (AU) in its current round.

She stated the forum would act as a platform to attract more investments in the infrastructure sector, particularly the roads, railways, ports, power, and information and communication technology projects

Source: Ahram Online