Latest in Tag: GAFI Highlight
Latest in Tag: GAFI

1,276 companies with EGP1.9bn capital established in November: GAFI
The General Authority for Investment and Free Zones (GAFI) announced that 1,276 companies were established in November with a total capital of EGP 1.9bn, creating 7,942 job opportunities. In GAFIâs monthly report on established companies, 652 companies were established according to Law No. 8 of 1997, with 51.1% of the total capital value. The report …

Danish companies study investments in different sectors in Egypt: GAFI chairperson
We encourage Danish investors to invest in Egypt owing to its importance in the region, says Danish ambassador

KEH considers injecting investment worth $1bn into Egypt
The company plans to establish a multi-service city with a residential complex, shopping and administrative mall

Mercedes considers increasing investments in Egypt: GAFI
Indomie studies building a factory to export to Kenya, relying on Egyptian raw materialsÂ

Alleged ministry-affiliated investment authority officials attempt to inspect ECFR
A lawyer prevented the GAFI officials from inspecting the NGO as they did not provide any legal documents

China reviews pumping investments into Egyptâs development projects
GAFI offered investment opportunities in desalination, sewage, and power generation to China

Government about to pass new investment law based on investors’ demands
Ministry of Investment to resolve Law no. 17 by end of the month

GAFI adopts new strategy to bring government, investors together: Mohamed Khodeir
Amendments on unified investment law, or an entire new legislation due in six months

GAFI pledges to support Egypt’s private sector to broaden its business in Africa
Authority works to establish genuine partnership with Africa owing to the availability of necessary resources and capabilities, says executive chairpersonÂ

GAFI delegation to attend Tokyo International Conference on African Development
We will showcase Egyptâs efforts towards creating a better investment climate, says Khodair

Investment law amendment to allow all parties to allocate land: sources
The unified law means that the land would be allocated to investors directly without having to coordinate with GAFI, according to El-Dakak

GAFI develops solutions for Taba, Nuweiba development
The region has 70 hotels under construction, 28 of which are currently on hold

Syria ranked most established companies with 126 companies, Saudi Arabia second with 84 companies and Jordan follows in third with 32 companies
Service sector attracts most investments, while tourism is the least attractiveÂ

Investment Ministry to redraw Egyptâs investment map in line with orientations of the state, desires of investors
A committee will be formed to review the Investment Law and extra incentives to encourage and reassure investors, says Abou Al-Ela

GAFI meets 16 Chinese companies to identify cooperation opportunities
The delegation expressed interest in cooperating in fields such as transportation, the construction materials industry and the electric elevator sector.

We seek to develop a work vision common between the state and businessmen in order to enhance investment in Africa: CEO of GAFI
Egyptian investments in Africa are still modest, but the Dark Continent can accommodate investments worth trillions of dollars

GAFI increases bank outlets at branches nationwide to speed up proceedings: Investment Minister
Steps taken to improve quality and efficiency of services by activating electronic link mechanism with stakeholders, says Salman

EGX urges GAFI, Commercial Registry office to approve companies’ decisions promptly
Chairman of Egyptian Exchange expects Domty to be the first company to sell its shares during 2016

GAFI to be restructured to accelerate delivery of services to investors: Investment Ministry
Cabinet in consultations to grant non-tax incentives for labour-intensive projects that rely on local components

Entrepreneurship crucial for Egyptâs advancement: Business Sweden
The challenges facing entrepreneurs in Egypt include education, access to finance, legal regulatory framework

GAFI to receive land pricing mechanisms from TDA: Tourism ministry official
Documents include maps, technical studies of development and description of projects in each region

GAFI, Alexandria cooperate to simplify procedures for investment activities
Protocol guarantees allocating an outlet for the Smart Centre at the Investment Services branch in Alexandria, says GAFI Chairman

GAFI signs MoUs worth $12bn for Marsa Matruh projects: Chairman
Matruh conference will help revitalise the economic and investment movement in the northwest coastal area, according to Omar

New free zone in Minya attracts $750m in investments
Zoneâs cost of development will exceed EGP 450m, will be implemented in three phases over 10 years

IDA launches programme to facilitate industrial investment environment
The World Bank has allocated a total of $5m for project implementation

Amendments to the investment law before end of 2015: GAFI Chairman
Full agreement with the taxes and customs authorities over the special free zones, says Alaa Omar

Egypt and China to sign business deals, loans: Abdel Nour
CDB to provide $100m loan to finance SMEs, further Chinese grant of $30m for remote satellite sensing, says minister

EGX, GAFI sign MoU to support SMEs in Upper Egypt
EGX to hold trainings for GAFI employees on EGX trading and advantages of listing on stock market

Investment Ministry receives 100 governorate projects for âUpper Egypt Developmentâ Conference
Assiut debuts Dry Bulk Port project with investments of $ 170m, Qena debuts cement plant with investment EGP 1bn

Egypt implements first office in UAE to revitalise tourism
New office will cooperate with airlines flying into Egypt to create direct flights to Sharm El-Sheikh, Red Sea and North Coast