El-Gawsaky: Implementation of global best practices to enhance the quality and delivery of services provided to investors
Awad: Importance of institutional integration to streamline procedures for stakeholders and accelerate service digitalization
GAFI CEO Eng. Mohamed El-Gawsaky met with the Chairman of the Internal Trade Development Authority (ITDA) Dr. Mohamed Awad, in the presence of GAFI Deputy CEO Mr. Yasser Abbas, Vice Chairman of ITDA Mr. Karim El-Shafei, and representatives of the Ministry of Communications and Information Technology (MCIT). The meeting tackled the mechanisms for joint coordination and reaching radical solutions to the challenges facing investors, particularly those related to the Commercial Register procedures and the certificate of non-confusion, with the aim of streamlining services provided to investors and improving the overall investment climate.
Mr. Mohamed El-Gawsaky stressed the importance of joint action and institutional integration among various entities to achieve the State’s objectives, underscoring the need for alignment of visions and efforts among GAFI, ITDA, and MCIT. He emphasized teamwork spirit to enhance the investment environment and streamline procedures.
Mr. El-Gawsaky explained that the purpose of the meeting was to evaluate the services provided to investors, discuss practical proposals and solutions, and support the continuous development of the investment environment in order to achieve international best practices in terms of service quality, speed, and ease of access.
GAFI CEO emphasized the importance of continuous follow-up on the implementation rates of the meeting’s outcomes on the ground, along with setting a clear timeline to ensure the achievement of the best possible results in the shortest time, noting that the Egyptian State has taken serious steps toward implementing an integrated digital system that achieves financial inclusion.
On his part, Dr. Mohamed Awad, Chairman of ITDA, confirmed that ITDA has taken a number of steps to improve and digitize the services provided to investors. In addition, Dr. Awad highlighted ITDA’s commitment to cooperate effectively with GAFI and MCIT and presented a number of proposals aimed at facilitating investment procedures.
Dr. Mohamed Awad stated that the objective for the forthcoming phase is to expedite the incorporation of companies as soon as possible, stressing the importance of coordinated efforts to overcome all challenges faced by investors, in line with the State’s efforts to enhance the investment climate and strengthen the competitiveness of the Egyptian economy.
Mr. Yasser Abbas, GAFI Deputy CEO, outlined the measures undertaken by GAFI to achieve full digital transformation of its services, including the development of the company incorporation framework and the enhancement of investment service efficiency, thereby ensuring the delivery of fast and accurate services to investors.
The attendees agreed on the necessity of reinforcing institutional coordination and reached consensus on clearly defining the roles and responsibilities of each entity to address existing challenges, facilitate procedures, and improve the quality of services provided to investors.
Furthermore, the commitment has been reiterated to the periodic follow-up on agreed decisions and proposals, as well as to evaluating implementation rates on the ground, in order to ensure the achievement of targeted outcomes and to further support a favorable investment environment.
