GAFI, HSBC partner to promote Egypt’s opportunities abroad

Egypt’s General Authority for Investment and Free Zones (GAFI) is collaborating with HSBC Egypt to promote the country’s investment opportunities to the bank’s global clients, the authority said Tuesday.

The move follows directives from Investment Minister Mohamed Farid to strengthen the role of local and international private sector partners in driving investment. GAFI’s Executive Director Mohamed El Gawsaky met with HSBC Egypt CEO Todd Wilcox and senior bank executives to discuss joint initiatives.

The officials said the partnership will showcase legislative and procedural reforms, as well as Egypt’s growing infrastructure and trade capabilities, to HSBC’s 42 million clients in 62 countries, particularly targeting export-oriented investments.

“The Egyptian economy has proven resilient despite regional and global challenges, underpinned by sectoral diversity and $550 billion in infrastructure investment over the last decade,” El Gawsaky said.

HSBC highlighted strong interest from major global investors, particularly in China, India, the UK and the US, with Egypt’s modernised roads, ports, and logistics positioning the country as a hub in regional and continental value chains.

In collaboration with the World Bank, the GAFI has identified 13 priority sectors under Egypt’s National Strategy for Foreign Direct Investment (2025–2030), including renewable energy and automotive, with incentives tailored for foreign investors, particularly from China, such as dedicated investor units and yuan-denominated transactions.

Attribution: Amwal Al Ghad English