GAFI Deputy CEO: E-Incorporation Represents 85% of All Companies Incorporated Through the General Authority for Investment and Free Zones

News
04-08-2025
GAFI Deputy CEO: E-Incorporation Represents 85% of All Companies Incorporated Through the General Authority for Investment and Free Zones
Mr. Yasser Abbas, Deputy CEO of the General Authority for Investment and Free Zones (GAFI), stated that electronic incorporation now accounts for 85% of all companies incorporated through GAFI, reflecting the tangible success of Egypt's efforts to digitize and simplify investment procedures. He noted that the unified investment licensing e-platform, launched earlier this year by the Ministry of Investment and Foreign Trade, will form a core part of the forthcoming economic entities platform, which the Ministry of Communications and Information Technology plans to launch soon. Once launched, the integrated platform will allow companies to access investment services digitally, with enhanced efficiency and within clearly defined timeframes.

 These remarks were delivered during Mr. Abbas's participation in a panel discussion titled “Investment Opportunities for Egyptians Abroad", held as part of the sixth edition of the Conference of Egyptians abroad, organized under the patronage of Dr. Badr Abdel-Aty, the Minister of Foreign Affairs, Immigration, and Egyptian Expatriates. The session was attended by several high-level officials, including Mr. Basel Rahmi, CEO of the Micro, Small and Medium Enterprises Development Agency (MSMEDA); Major General Magdy Anwar, Director General of the National Service Projects Organization; Minister Plenipotentiary for Trade Affairs, Mr. Mostafa Shekhoun, Deputy Chairman of the Suez Canal Economic Zone (SCZone); Dr. Nahed Youssef, Chairperson of the Industrial Development Authority (IDA); and Mr. Ahmed Abdel Rahman El-Sheikh, Chairman of the Egyptian Exchange.

 Mr. Abbas emphasized the success of GAFI's ongoing cooperation and collaboration with the Ministry of Foreign Affairs, which has enabled GAFI to participate in previous editions of the conference. He also highlighted the establishment of a dedicated service window at GAFI for facilitating the incorporation of business entities owned by Egyptians living abroad. Additionally, a reception and advisory unit was created at GAFI to offer tailored guidance and support to expatriate Egyptians—helping them navigate the investment process, know more about investment procedures, facilitate company incorporation process for them, identify optimal investment frameworks, and learn about available opportunities listed on Egypt's Investment Map, which currently includes approximately 2,000 investment opportunities.

 GAFI Deputy CEO urged Egyptians abroad to take advantage of the increasingly attractive investment climate in Egypt, especially in light of the country's transformational infrastructure developments—including the construction and development of 18 seaports, the addition of 7,800 kilometers of new roads, and the expansion of logistics service centers. These improvements have significantly strengthened Egypt's integration into global value chains. Mr. Abbas also emphasized Egypt's stable and adaptive legislative environment, which provides general incentives across all sectors, as well as special incentives for sectors prioritized under Egypt's Vision 2030. He noted that the government has launched two comprehensive national strategies to support the automotive industry and green hydrogen production, both of which have already attracted substantial foreign investment.

 In closing, Mr. Abbas delivered a message of reassurance to both Egyptian and foreign investors, highlighting the creation of a multi-tiered system to proactively address investment challenges. This system includes the principles and procedures facilitation committee, a dedicated unit for negotiation and mediation of investment disputes, and the Central Administration for Investor Care at GAFI, which has successfully resolved between 90% and 95% of investor concerns. These efforts are further supported by a ministerial committee dedicated to resolving investment disputes.

Tags

 

الكلمات

 
Related News