Mr. Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), outlined Egypt’s latest economic and investment performance during his remarks at the Egyptian–Bahraini Business Forum, Invest-Gate reports.

On growth and foreign investment, Heiba said Egypt’s GDP grew by 4.8% in Q3 of FY 2024/2025, while net foreign direct investment reached USD 46.1 bn in FY 2023/2024.

Regarding company formation and expansion, he noted that more than 46,000 new companies were established in FY 2024/2025, marking a 21.2% increase over the previous year. In addition, 1,650 companies expanded their operations in Egypt during 2024, reflecting rising investor confidence in the local market.