Hossam Heiba, CEO of Egypt’s General Authority for Investment and Free Zones, Highlights Growth and Investment Achievements at the Egyptian–Bahraini Business Forum

Hossam Heiba, CEO of Egypt’s General Authority for Investment and Free Zones, Highlights Growth and Investment Achievements at the Egyptian–Bahraini Business Forum

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.

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