Why Invest in Egypt - Unindustria Treviso

Consolato Della R. A. D’Egitto
Ufficio Commerciale
EGITTO: incontro sulla normativa tecnica e
aggiornamento sulla situazione politica ed
Nasser Hamed
Console per gli Affari Commerciali
Consolato d’Egitto a Milano
5 dicembre 2012, Treviso
Doing business in Egypt
Egypt at a Glance
• GDP growth rates were at 1.8% during FY 2010/2011 and have
reached 2.2% during FY 2011/2012.
• Net international reserves have decreased to USD 15.043 Bn. by the
end of September 2012.
• FDI in Egypt recorded a net inflow of around US$ 218.0 million against
US$ 2.1 billion). It reflected the shift in net investments of the oil
sector from a net inflow of some US$ 35.0 million in July/March
2010/2011 to a net outflow of US$ 2.1 billion in the period under
review. Meanwhile, net Greenfield investments inched up to US$ 2.0
billion (from US$ 1.9 billion).
• Annual Inflation rate has declined to 6.22% in September compared to
8.78% in April 2012 and 9.03% in March.
• Unemployment rates: 12.6% during the 3rd quarter of 2011/2012 of
which 21.9% were previously employed.
• Egyptian exports were worth $27 billion during FY 2011/2012 while
imports were worth $-58.7 billion during the same period.
rate for the USD october 2012: 6.10 EGP.
Why Invest in Egypt
• A sustained growth rate of 7% over the period between 2005
and 2008.
• Despite being affected by the current political unrest during the
FY 2010/2011 growth rate which was 1.8% to drop to 0.2%
and 0.4% during Q1 and Q2 of FY 2011/12 respectively, Q3 of
the same year has been a signal of strong recovery to record a
major increase of 5.2% growth rate.
• Egypt has a diverse economy.
• A large population and hence a large consumer market where
per capita income was at EGP 17.062 in 2010/2011.
• At around 26.8 million in Q1 2012, Egypt has the largest labor
pool in the region with a competitive labor cost.
Egypt’s New Objectives
• Ensuring macroeconomic stability; real growth rates reached
2.2% in 2011/12.
• Reducing inflation; with the aim of bringing inflation levels
closer to those of neighboring countries.
• Maintaining a flexible exchange rate set by free market
forces, while avoiding short term volatility.
• Upgrading the quality of government services.
• Social policy reform through expanding social security nets
and promoting pro-poor programs while reforming the
subsidy structure.
The Ease of Doing Business
• Time to establish a company: 72 hours
• One Stop Shops gather all sectors and entities dealing with investors.
• Removing restrictions on minimum capital of limited liability companies and reducing incorporation
• Launching the first phase of electronic establishment of companies through the internet (in Arabic)
• Property registration fees reduces where cap is at EGP 2000
• Establishing the Egyptian Credit Bureaus (i-score)
• 20% flat tax rate, according to the Tax Law No. 91 of 2005.
• Reducing the time necessary to register property from 72 to 38 days.
• Introduction of Nilex; The region’s first small cap stock exchange
• Reducing the average custom tariff to 6.9% while tariff items have been reduced to six items only
(previously 27).
Source: CBE
Egypt: Competitiveness
Lucrative Returns Await
FDI Inflow
 Egypt’s competitive advantages
make a compelling case for
increasing FDI in Egypt.
Access to
Comparative Wages
Comparative Electricity Prices
Wages compared to Egypt in US$/ hr
Electricity prices compared to
Egypt (Cents KWatt/ hr)
Source: AmCham, GAFI Information Center,
Low Cost of Doing Business
• Competitive tax rates - corporate and personal
tax rates top out at only 20%
• Developed infrastructure with 15 commercial
ports in addition to 44 specialized ports to
serve importers and exporters, an expanding
airport network catering to both passengers
and cargo.
• An abundance of natural resources and
competitively priced water, power and gas.
Source: CBE, Ministry of Investment
Preferential Access to Key Global Markets
The EU – Egypt Association Agreement grants Egypt
preferential access to the EU market of 500 million
The EFTA-Egypt Free Trade agreements grants access
to the markets of Iceland, Liechtenstein, Norway
and Switzerland in industrial and agricultural
Free duty access to the US market of 300 million
customers through the QIZ protocol.
The COMESA, a common market for Eastern and
Southern Africa creates a free trade area among
the 19 member states.
AGADIR Declaration creates grants Egypt a free trade
zone between Egypt, Morocco, Jordan, and Tunisia
in addition to a rules of origin advantage.
Egypt – Turkey free trade agreement
GAFTA: ratified by 22 Arab nations, involving the
phasing out of customs and duties while
eliminating non-tariff barriers
Source: CBE
Support and Incentives for Investments
• The process of registering foreign company subsidiaries to only three days of processing time.
• The time to open foreign representation offices; 3 days while simplifying administrative steps related to
establishing a business.
• Enhancing import and export flexibility through import and export certificates that are available for 3-5 year
• New facilities for investors include:
Paying subscription fees to chamber of industry and the federation of Egyptian industries at the one
stop shop
 Increasing GAFI’s processing centers.
 Lifting the security approval requirement for media companies. As well as lifting licensing requirements
for print publications.
 An initiative to provide resources for a credit risk guarantee program to help develop SMEs and help
them gain access to bank financing.
Support and Incentives for Investments
• A stimulus package has been introduced by The Ministry of Industry to facilitate investments in the
industrial sector through:
• Reducing the value of Letters of Guarantee required to acquire land from industrial zones.
• Inspections by the Industrial Development Agency(IDA) are to be done upon request by the IDA
• Enforcing the role of IDA representative offices in governorates to issue all required approvals, except
for land allocation.
• In case of fulfilling required terms of issuing an industrial registry, a permanent industrial license is
issued and renewed every 5 years.
Support and Incentives for Investments
• The issuance of Law no. (11) for year 2012 which provides incentives for taxpayers on the full or partial
payment of their deferred income/sales taxes, the law is effected on three stages:
• Stage one: 25% discount on the investors’ taxable revenue in case of payment before the 31st of
march 2012.
• Stage two: 15% discount on the investors’ taxable revenue in case of payment before the 30th of June
• Stage three: 10% discount on the investors’ taxable revenue in case of payment before the 31st of
December 2012.
The new incentive scheme has actually resulted in an increase of 10% to the collected taxes by applying
only the first stage of the law.
Investor protection
There are five investor protection schemes which GAFI is currently endorsing:
Investor Care Department: established within GAFI to support and guide investors
to resolve any conflicts they might face with the different governmental authorities.
the 25th of
Disputes Settlement Center: established in 2009 for the reconciliation and disputes
resolution between business partners.
The Investment Disputes Resolutions Committee: which GAFI hosts its the
technical secretariat.
the 25th of
The “Contracts Committee” which GAFI is a member of, to resolve any conflict that
might arise between the investors and different governmental bodies over
previously signed business contracts.
Modification of the Investment law No. (8) year 1997 to allow the reconciliation
between the investor and the government in the cases of proven fraud.
Preferential Access to Key Global Markets
• The EU – Egypt Association Agreement grants Egypt preferential access to the EU market of 500
million customers.
• The EFITA – Egypt Free Trade Agreements grants Egypt access to the markets of Iceland,
Liechtenstein, Norway and Switzerland in industrial and agricultural products.
• Free duty access to the US market of 300 million customers through the QIZ protocol.
• The COMESA, a common market for Eastern and Southern Africa creates a free trade area among the
19 member states.
• Agadir Declaration creates a free trade zone between Egypt, Morocco, Jordan, and Tunisia in addition
to a rules of origin advantage.
• Egypt – Turkey free trade agreement
• GAFTA: ratified by 22 Arab nations, involving the phasing out of customs and duties while eliminating
non-tariff barriers.
Source: CBE
Investment Policy Framework
Income Tax
Inland Investment
Export Duties
and Sales Tax
• 20% & 40.55% for oil and gas
• 5% flat tax rate on personal
income tax
• 10 years Exemption for
Agriculture and animal production
• 10 years Exemption for
Agriculture and animal production
• 10% tax on all activities within the
• Custom procedures for
production input will be
administered in the zone
• Equipment customs are paid in 510 years installments
• Flat rate of 5% of the value of
imported machinery and
• 5-25% of value of all sale
• Sales taxes are paid in 5-10
years installments
• Exported good are tax exempted
Payroll Tax
Special Economic Zones
• 20% & 40.55% for oil and gas
• 2-32% depending on the product
Import Duties
Investment Zones
• 10-20% depending on salary
• Protection against expropriation
and compulsory pricing
• Full right of profit and dividend
• 10-20% depending on salary
• Companies established within the
investment zones are to enjoy
incentives given to both inland
and upper Egypt investment
• No duties when exported out of
• No duties on domestic
components when sold in Egypt
• 10% of value of non domestic
components when sold in Egypt
• 5% for all salary levels
•Depending on zone board’s
• Egyptian certificate of origin for
SEZ based exporters
• Integrated custom and tax
administration, licensing, and
dispute settlement
FDI After the January Uprising
• 12309 new companies/expansions have taken place over
the period between January 2011 and june 2012 with a total
capital of USD 10.5 billion, providing more than 311272
• Egypt’s ongoing drive to promote investment combined with
greater transparency and a broader ownership of the
national economic reform agenda will leverage Egypt’s
inherent strengths.
• BP is expected to invest USD 11 billion, GE to invest EUR303
million, Italy’s ENI to invest USD 18 billion, while Qatar is to
launch two mega-projects worth more than USD 9 billion of
investments and providing 1.2 million job opportunities.
FDI in Egypt Today
Pegas Nonwovens SA (PEGAS), a Czech maker of special textiles used in hygiene
products and health care
GlaxoSmithKline plc announced that it will invest US$ 84.7 million in Egypt’s healthcare
sector over five years to expand its product portfolio
Al-Futtaim Group will invest about US$ 300 million in 2012 to continue construction of
Cairo Festival City project.
In April 2011, the Kuwait Investment Authority (KIA), set up a company worth $1 billion in
capital to invest in Egypt's stock market
Electrolux, the Swedish appliance company, acquired a 52 percent stake in Egypt’s
Olympic Group at a cost of US$ 350 million.
The Turkish company KCG announcement to raise its investments in Egypt by
establishing 3 new projects valued at USD400 million in the textiles, electricity generation,
and mining in Sinai.
The Indonesian company “Multistrada” announced establishing a tire factory in
partnership with an Egyptian manufacturer, the project value is USD320 million.
FDI in Egypt Today
In April, 2011, China Development Bank signed a memorandum of understanding
and cooperation with Commercial International Bank and Commercial
International Investment Company in Egypt to cooperate in infrastructure and
loans for SMEs.
In July, 2011, the Egyptian Hydrocarbon Company (EHC) was established with
paid-up capital of USD150 million; the first private sector industrial project to be
implemented in Egypt at international prices with no subsidies. Total investments
of the project are USD454 million.
In June 2011, Cisco announced it will invest USD10 million. The venture capital
investment will be targeted at high-potential small businesses that provide
innovative products and services.
The Turkish group “Limak” to carry out enhancement capacity project of Terminal
3 in Cairo International Airport with investments worth USD387 million.
The Indian company Dhunseri petrochemicals Ltd. established a 160 million
dollars company in Sharkyia governorate in the field of plastic production
providing 500 job opportunities
The Malaysian Islamic Finance company, AMANI , announced the establishment
of a USD 500M fund.
Bedaya Center for Small and Medium
Investments (SMIs)
Bedaya Center for Small and Medium Investments was established in January 2010 and
aims to implement GAFI’s strategy of developing small and medium investments.
To support the growth and development of the small and medium investments in Egypt; in
line with the national strategy towards create new sustainable jobs while raising economic
development indicators.
Bedaya Center for Small and Medium Investments (SMIs)
The Pillars of SMI Strategy
Facilitating SMEs access to finance:
Through establishing a EGP 1 billion private equity/venture capital fund while assisting and supporting
SMEs in accessing required credit guarantees to enhance their chances in accessing credit.
Providing business development services:
Non financial technical support that includes easing technology transfer, introducing investment
opportunities and providing technical training for entrepreneurs to acquire the necessary skills. Creating
clinics for fostering SME growth during the first five years of their lifetime.
Promoting entrepreneurship activities:
Through a process of selection of projects based on creativity, value added and initial viability and
providing the necessary support.
Integrating SMEs in the supply chain of large companies:
Enabling SMEs to play a more active role in the supply chains of big corporations and gaining access to
bigger, more sustainable markets and hence changing the Corporate-SME relationship to a win-win
Trade & Investment
Bilateral Trade
Million Euro
Egyptian Imports
Trade Volume
Trade Balance
Egyptian Exports (2010-2011)
(Million Euro)
Oil & Gas
Textiles &ready made garments
Agricultural Products
Food Industries
Engineering Products
Priority Sectors and Clusters
• The energy sector is enormous, the government sector is
encouraging foreign investment in the sector where natural
gas is the evermore important revenue generator.
• 63 new explorations were made in the FY 2009/10 while 11
new ones were made in Q1 2010/11.
• Natural gas production recorded a decrease of 3.4% in Q1
2010/11 while that of crude oil recorded a an increase of
2.3% during the same quarter compared to Q1 of 2009/10.
• Domestic consumption of petroleum products increased by
7% during Q1 2010/11 compared to the same period of the
previous year.
Source: ECHEM
Production of Natural gas, crude
petroleum and petrochemicals – Ministry
of Petroleum
Priority Sectors and Clusters
• One of the most vibrant sectors in Egypt.
• Egypt is home to many regional offices of large
multinational companies such as Microsoft,
Oracle, France telecom and Intel.
• Total investments in ICT amounted to 1.8%
and 1.0% of total implemented investments in
FY 2010/2011 and FY 2011/2012 respectively.
• Internet users in Egypt increased by 29.6%
during Q1 of FY 2010/2011 compared to the
same period of the previous year.
• Annual growth rate of the ICT sector is 9% in
the Q3 FY 2011/2012
Indicators for the ICT Sector – April 2012
Ministry of CIT
Number of subscribers to fixed lines
Total capacity of telephone exchanges
(mn line)
Number of subscribers to cellular phones
International Internet bandwidth (Gbps)
Internet Users (mn)
Priority Sectors and Clusters
• The healthcare sector is an important growth sector, the core areas of
investment include private hospitals, health tourism, pharmaceuticals, rural
healthcare and continuing education programs.
• Egypt is home to the largest trained workforce in the region such that
10,000 medical school graduates graduate annually, more doctors and
pharmacists than any other country in the Middle East.
• High doctor to patient ratio such that in 2008, Egypt recorded 6.68
physicians, 14.54 nursing staff per thousand patients in addition to 1.18
dentists and 1.59 pharmacists.
• Upgrade of the national healthcare system, the government aims to spend
11% of GDP on healthcare to upgrade the national universal healthcare
system, an amount that is expected to reach 44.8% of total government
expenditure in 2012.
Source: Ministry of Economic Development, CAPMAS
Priority Sectors and Clusters
• The Egyptian government aims to transform the
country’s infrastructure to a booming sector through
raising infrastructure spending such that EGP 30 billion
were added in the March, 2011 stimulus package.
• There are currently 4 utilities projects among 7 PPP
The Electricity Sector
• Total investments reached EGP 13.4 billion during FY
2009/10, and EGP 2.5 billion during Q1 FY 2010/11.
• The rate of growth of the electricity sector has reached
8% in Q1 of FY 2010/11, with a 6.9% increase in
consumption during the same period.
Source: GAFI
Priority Sectors and Clusters
• Egypt is open to foreign participation in higher
education and training in order to meet the
demands of the global market place.
• The government plans to raise the percentage of
Egyptians enrolled in university and technical
education to 50% which required an additional 120
university and technical/vocational institutes.
• The government aims to build 2,500 public schools
of which 1,400 are to be build through PPP.
• Of the multilingual workforce of more than 332,000
university graduates in 2009/10 41,000 were
specialized in education.
Priority Sectors and Clusters
The Industrial Sector
The sector represents an important and advanced rank in the national economy
and is strongly interrelated with several production and service sectors along
with boosting foreign trade and improving the balance of payments.
The sector amounts to 6.3% of growth rates during Q1 of FY 2010/11 compared
to 4.9% during the same period of the previous year.
Total investments are worth EGP 25.5 billion and EGP 8.8 billion were poured
into the industrial sector during FY 2009/10 and Q1 of FY 2010/11 respectively.
Egypt Auto Industry
Egypt has one of the few production bases in the region
Strong domestic production industry − 65% of local sales are Egyptian-built
Foreign investment continues to flow into the industry, as Nissan pledges
US$100mn for a recently acquired plant and Toyota plans a new service centre
and showroom
Trade tariff reform between Egypt and the EU will open the market for more
overseas manufacturers and expand export opportunities for domestic
Nissan, BMW and Toyota are all increasing their presence in the country
Government drives to convert cars to natural gas will provide opportunities
for manufacturers of ‘green’ vehicles
The sector has plenty of growth potential due to the population of 83mn and
strong rates of foreign investment.
Egypt Auto Industry
Egypt Auto Industry
Egypt Petrochemicals Industry
Egypt’s abundant natural gas reserves provide a competitive advantage in terms of
petrochemicals production
Egypt is relatively low risk in commercial and political terms, and offers competitive
labour costs and tax exemptions
It has a well-established fertiliser sector
It is well-placed to export to Europe
The Ministry of Trade & Industry is working towards improving trade relations
worldwide, protecting the rights of exporters and, above all, sustaining Egypt’s exports to
foreign markets
The government has launched a 20-year US$20bn petrochemicals development plan
The sector is due to expand rapidly; petrochemicals output should grow substantially in
the coming years if all the projects go ahead as planned
There is the prospect of large-scale fertiliser and petrochemicals developments based on
the country’s gas reserves
Early privatisation efforts, involving initial public offerings (IPOs) of successful
companies, have generated encouraging results and are likely to promote investment
Egypt Petrochemicals Industry
Egypt Petrochemicals Industry
The Egyptian petrochemicals sector represents about 12%
of total industrial production and is worth around US$7bn,
or just 3% of total GDP.
Egypt’s chemical and petrochemical exports totaled
US$10bn in 2008, according to Egypt’s Chemical and
Fertilisers Export Council.
In 2002, the Egyptian government launched a 20-year
programme to increase investment in the petrochemicals
sector to US$4.5bn. Overall, the government wants to see 24
new petrochemical production facilities built, which will
produce 15mn tonnes by 2022 and generate revenues of
around US$7bn per annum. It expects these projects to
create up to 100,000 new jobs.
Egypt Pharmaceuticals Sector
Gateway to other emerging and, many of which are less penetrable
Middle Eastern, Asian and African markets
Well-established manufacturing industry, with about 30 local drug
makers privately owned, focusing on high volume basic medicines
Local production accounting for about two-thirds of the drug market
Low labor costs and a large pool of highly trained doctors, pharmacists,
engineers and skilled technicians
Sector modernization, with plans to increase healthcare insurance
Currently high consumption level allows for high growth potential
Potential for generic sector growth as the government becomes
increasingly cost-conscious
Potential liberalization of the retail pharmacy sector
Implementation of a new, faster drug registration process
A growing number of free trade agreements (FTAs)
Government finally deciding to raise prices of drugs to compensate for
increased costs of raw materials
Egypt Pharmaceuticals Sector
Egypt Pharmaceuticals Sector
Egypt Pharmaceuticals Sector
Egypt Infrastructure Industry
The government has ambitious plans to transform the country’s infrastructure, which
include several mega-projects such as the US$9.5bn refinery and petrochemical plant at
Kafr-al-Shaikh, and US$8.7bn container terminal at EasternPort Said.
Egypt has had one of the fastest-growing infrastructure sectors in the world, covering all
segments including transport, tourism, commercial, industrial, etc.
A growing number of visitors drawn to a relatively cheap country means there is the
potential to build more hotels and resort areas
There is a strong demand for housing in Egypt; increasing population and urbanisation
has resulted in the government undertaking major urban planning programmes
Raw material costs are falling due to the global economic downturn
Egypt Infrastructure Industry
Egypt Infrastructure Industry
Egypt Textile Industry
The Textile industry contributes with one quarter of Egypt’s non-oil
export proceeds.
The public sector accounts for 90% of cotton spinning, 60% of
fabric production and 30% of apparel production in Egypt.
The private sector apparel industry is one of the most dynamic
manufacturing processes in Egypt.
Egyptian wage levels in the Textile industry are among the lowest in
the world, not exceeding one Dollar per hour.
Cotton textiles comprise the bulk of Egypt’s TC export basket
Egypt is the second largest MENA exporter of Textile products to
the US, with woven apparel as the largest category.
MFN treatment grants Egypt the lowest entry rates as mandated by
US commitment to the WTO.
Investment opportunities
Mega Projects
1. East Port Said
• GAFI is adopting this project through the Mega Projects Unit in order to
achieve the vision to support investment projects in various fields.
• The integrated development of East Port Said opens prospects for new
development outside the Nile Valley and Delta, and contributes to the redistribution of Egypt's population over the next 30 years.
• The development is in alignment with the implementation of the Sinai
• East Port Said Port - one of the most important ports to the major
hub in the Mediterranean region is expected to be largest during the
• New urban city (millions) in Port Said - The total area has about 36
thousand acres.
• The industrial area east of Port Said - largest industrial area in Egypt
87 km 2 (20,700 acres).
• Agriculture area- reclamation of 60 acres in sahl El-tena region.
• Other projects ( sues canal tunnel in port said - electric train
crossing the Suez Canal).
‫– الهيئة العامة لالستثمار‬PPP ‫وحدة المشروعات القومية ومشروعات الـ‬
Mega Projects
2. Upper Egypt- Red Sea Road (Sohag / Safaga)
• Upper Egypt-Red Sea Company was established in November
2008 under the law of the Investment Guarantees and
Incentives No. 8 for the year 1997. 200,000 acres of land were
allocated to the company, under the Decree No. 356 of 2008
• Key projects include an integrated residential city on an area
of ​4,300 acres to provide 24,000 housing units.
• Other projects include:
a) Three dry ports in the governorates Assiut, Sohag ,Red Sea
east ,Qana
b) A sea water desalination plant powered by solar or normal
power, and serves the coast line from a source of sea water
wells .
Mega Projects
3. Special Economic Zones North West Suez
Project Description:
Area of 16.4 Km2 North East Suez Canal – Special
Economic Zone (Sokhna). Attract the private sector to
develop the first phase of the project with an area of 6.8
Km2 to manage, operate and maintain the infrastructure
and utilities, and promote the Zone
The General Authority for Investment
Investment Cost:
800 Million pounds
The Chinese Company “TIDA” has been contracted for
developing phase one of the project
Mega Projects
4. Alexandria Medical City
• GAFI is adopting a project to establish a Medical City in Alexandria
through the Mega Projects Unit in order to achieve the vision to support
investment projects in the medical field by coordinating efforts between
them and the Alexandria Governorate and the Ministry of Health.
• The project is located on a 500 acre lot, at a prime location, at the
entrance of Alexandria on Cairo-Alex desert road.
• Alexandria governorate will avail the land under a usufruct arrangement.
• The project will include specialized hospitals, emergency centers,
wellness facilities, administrative areas, and clinics. In addition to
commercial and hospitality developments.
• Anticipated investments of the project are around 8 Billion LE.
• Project Sponsor : General Authority for Investment / Alexandria
• Proposed Investment Mechanism: Investment Zone.
PPP Projects
Sector / Projects
Abbasyya Square
Multi-Story Car
Construction of garage below the surface of the ground
station and integrated mass transit In Abbasyya Square,
Cairo governorate According to BOT system, area about
Saray Alqubba MultiStory Car Parking
Construction of garage below the surface of the ground
station and integrated mass transit In front of Saray Alqubba
metro station, Cairo governorate According to BOT system
Feasibility studies are
being updated for
Upgrading level of treatment from primary to secondary
treatment for the whole capacity of the existing wastewater
plant 1,200,000 m3/d
Construction, operation and maintenance of Rod el Farag
access. The project will connect the existing ring road
around Cairo with Cairo - Alexandria highway,
with total length of 34 km.
Project details
Feasibility studies are
being updated for
Request for
Submitting offers
Submitting offers
5 Consortia have been
qualified on March
Feasibility studies are
being updated for
tendering within the
coming month
Abu Rawash
Wastewater plant
Roads & Highways
Rod El Farag access
PPP Projects
Planned projects:
These projects are being studied at the PPP central unit and are expected to be tendered
within the first quarter of the FY 2012/2013:
Roads & Highways
Shobra-Banhaa Free way
1. An MOU has been singed with the national bank of Egypt to implement the remaining financial and economical studies of the project
and evaluate the available different sources of finance .
1. Smart village in Maadi
1. Safaga Industrial port.
Waste management
1. Four projects in electricity generation from waste in four governorates: Cairo, Alexandria, one in Delta and another in Upper Egypt - to
be determined.
2. Recycling agricultural waste for fertilizers production and befouls.
The General Authority for Investment and Free Zones
Who We Are:
GAFI is the principal governmental authority concerned with regulating and facilitating investment and
stands ready to assist investors worldwide.
Position Egypt as the location of choice for business and innovation
Enabling and sustaining Egypt’s economic growth through investment promotion, facilitation, efficient
business services and advocacy of investor friendly policies.
Promoting Egypt’s potential sectors while attracting new investments and promoting reinvestments and
expansions. Facilitating and providing services to investors through the “One Stop Shop” in addition to
supporting and accelerating the development of competitive and strategic clusters.
Contact GAFI:
Thank you
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