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The Minister of Immigration and GAFI CEO met with the Core Group (Nawah) to establish the Egyptians Abroad for Investment company.
Between ITIDA and GAFI:
PM Witnesses Cooperation Protocol Signing Ceremony on Supporting Companies in IT Sector.
Dr. Mustafa Madbouly, the Prime Minister, held a meeting today to review the proposal submitted by a number of investors abroad.
The investment cost of phase I of Beko and BSH factories amounts to 160 million dollars.
Mr. Hossam Heiba: “Increasing exports, employing workforce, and localizing the technology of the home appliances industry are the most rewarding gains that the economy of Egypt will reap from new investments.”
The Council of Ministers approved, during its meeting today that was headed by Dr. Mostafa Madbouly, to amend some provisions of the Executive Regulations of the Investment Law issued by Prime Minister Decree No. 2310 of 2017.
Prime Minister Moustafa Madbouli embarked on an inspection tour to witness the development of the Al-Saff Investment Zone
At the outset of the meeting, the President affirmed the state's keenness to take the necessary serious and decisive measures and steps, to achieve a real breakthrough in the process of attracting, encouraging and promoting domestic and foreign investment
With regard to the restrictions on incorporation of companies, a Draft Decree was approved on the amendment to some Articles of the Executive Regulations of Investment Law No. 72 of 2017
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met with a number of investment organizations and entities and a group of Emirati companies to discuss investing in Egypt or expanding their current investments.
GAFI CEO: Sustaining the economic reform process ensures that Egypt continues to be one of the best emerging economies attracting investments.