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10 Sep 2022

GAFI CEO discusses with the Sudanese Minister of Investment and International Cooperation Prospective Cooperation

​Counselor Mohamed Abdel Wahab, Chief Executive Officer of the General Authority for Investment and Free Zones (GAFI CEO) met with Mrs. Ahlam Madani Mahdi, Minister of Investment and International Cooperation of the Republic of the Sudan (MIIC Minister) during her visit to Egypt to discuss prospective cooperation between the two sides. During the meeting, GAFI CEO welcomed MIIC Minister expressing the Egyptian Government's keen interest in communicating with the Sudanese side while working to strengthen Egyptian-Sudanese economic ties, encouraging business communities in the two countries to establish joint development projects, and capitalizing on the competitive advantages of both countries. Egypt is also keen on enhancing cooperation with the Sudan to exchange expertise in the various spheres related to promoting investment and providing services to investors through the designated Investor Service Centers (ISCs) nationwide, he added. In this respect, Abdel Wahab also welcomed the continued cooperation with the Sudan, saying that GAFI stands fully ready to transfer its expertise to Sudanese cadres in various investment spheres through drawing up an action plan to be implemented within the upcoming period. On her part, the Sudanese MIIC Minister voiced happiness over holding this meeting, which came with the intention of her ministry to establish a new investment authority in the Sudan. She also said that she is looking forward to benefiting from Egypt's successful experiment in this sphere, especially with regard to ways of dealing with challenges besetting investors; preparing investment maps for priority projects; managing free and investment zones; and interlinking GAFI's headquarters in Cairo with its branches in the various governorates. Mahdi further hailed the decisions adopted by the Egyptian Government and GAFI to enhance the participation of the private sector in investment spheres and attract more foreign direct investment (FDI) into Egypt.