GAFI Ratifies USD 1.1 bn New Projects in 9M

The General Authority for Investment and Free Zones (GAFI) signed off on the execution of 31 new investment projects across Egypt during the first nine months of 2020, at a total cost of USD 1.1 bn (EGP 17.2 bn). ...

US Commits USD 6 mn in Bilateral Aid to North Sinai

The Egyptian Ministry of Investment and International Cooperation and the US Agency for International Development (USAID) inked on December 16 a USD 6 mn (EGP 96.3 mn) funding deal for phase II of the North Sinai ...

GAFI Extends New Facilities in Mit Ghamr Investment Zone

The General Authority for Investment and Free Zones (GAFI) will extend new facilities to investors who earlier purchased the booklets of conditions for 107 specialized industrial units in Mit Ghamr Investment Zone ...

Egypt Secures EGP 16 mn Belgian Grant for Baron Palace

Egypt and Belgium signed a Memorandum of Understanding (MoU) to fund Heliopolis’ Baron Empain Palace restoration, with EGP 16 mn, a step coming merely two months ahead of the iconic spot's grand opening.

PM Opens New Investor Service Center in Minya

Prime Minister Mostafa Madbouly inaugurated on September 7 the Investor Service Center (ISC) in Minya, endeavoring to eliminate the bottlenecks investors face when starting up new businesses.

Egypt’s Free Zone Exports Hit USD 10.1 bn in 6M

Egyptian free zones, operating with roughly 1,090 projects, logged exports worth USD 10.1 bn (EGP 167.4 bn) during the first six months of 2019, coming with a capital of USD 12.1 bn (EGP 200.4 bn) and foreign dire ...

GAFI Tenders 107 Projects in Mit Ghamr Investment Zone

Egypt's General Authority for Investment and Free Zones' (GAFI) board has approved tendering 107 new metallurgy projects in Mit Ghamr Investment Zone, Dakahlia Governorate, providing about 2,000 new job opportunit ...

El-Sisi Approves Amendments to New Investment Law

President Abdel-Fattah El-Sisi ratified on August 5 amendments to several provisions of ​Egypt's New Investment Law, promulgated by Law No. 72 of 2017.

Egypt Investment Map Phase II Kickstarts with 2,000 New Opportunities

Minister of Investment and International Cooperation Sahar Nasr uncovered on July 15 the second phase of Egypt’s investment map, adding up 2,000 new investment opportunities to the Egyptian market.

KSA Signs EGP 125 mn Grants to Brace Egyptian SMEs

Egypt's Minister of Investment and International Cooperation Sahar Nasr has inked three EGP 125 mn grants with the Saudi Fund for Development (SDF), in a bid to boost financial leasing for small- and medium-sized ...

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