For its pivotal role in attracting the Haier Egypt Electronics Project, one of Egypt's most prominent investment ventures, the General Authority for Investment and Free Zones (GAFI) has been honored with the sustainability excellence award (SEA) at the World Investment Conference (WIC).
The award was handed to the GAFI's CEO, Mr. Hossam Heiba, during WIC 28th session held in Riyadh from November 25–27, 2024.
This recognition underscores GAFI's commitment to fostering an investment environment that prioritizes sustainable development. By embracing cutting-edge environmental, economic, and industrial practices, GAFI contributes to the realization of Egypt's Vision 2030—an ambitious plan aimed at achieving robust economic growth while ensuring the efficient use and protection of resources.
The award comes after a competitive evaluation process, where GAFI stood out among 84 distinguished investment projects from 40 countries for its outstanding contributions to sustainability and its efforts to attract high-impact investments.
Haier industrial complex was one of the first projects to receive the Golden License, which includes all the necessary permits for establishing and operating facilities under a "single approval." It is Egypt's first eco-friendly industrial complex, built on a surface area of 200,000 square meters with an investment cost of $135 million for the first phase, which produces home appliances such as air conditioners, washing machines, and televisions to meet local market needs and to export abroad. In 2024, the first phase of production started, and $40 million were invested to establish the second phase on a surface area of 50,000 square meters to produce refrigerators and freezers.
GAFI has been able, through the Golden License and other sustainability-supporting measures, to attract many projects that contribute to achieving global sustainability goals, including projects in renewable energy, transportation, logistics, and industrial production based on modern, eco-friendly technologies.
