The General Authority for Investment and Free Zones (GAFI) Discusses Enhancing Joint Investment Cooperation with the Ambassador of Singapore

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News
12-02-2026
The General Authority for Investment and Free Zones (GAFI) Discusses Enhancing Joint Investment Cooperation with the Ambassador of Singapore
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  • El-Gawsaky: We aim to attract value-added Singaporean investments in strategic sectors
  • Ambassador of Singapore: The Egyptian market offers promising opportunities and a well-developed investment environment

    Within the framework of the State's direction to strengthen international economic cooperation and attract more foreign direct investment, Eng. Mohamed El-Gawsaky, GAFI CEO, received Mr. Dominic Goh, Ambassador of the Republic of Singapore to Cairo, to discuss ways to support investment cooperation and expand partnership opportunities between the two sides.

    El-Gawsaky affirmed GAFI's keenness to deepen cooperation with the Singaporean side, noting that Singapore is among the largest Asian investors in Egypt, with major Singaporean companies concentrated in the food industries sector. He also highlighted Singapore's advanced expertise in logistics, port management, smart infrastructure, renewable energy, and digital transformation.

    He added that GAFI seeks to attract value-added investments that support development plans and transfer expertise and technology to the Egyptian market, stressing the continued improvement of the business environment, the provision of comprehensive support to investors, and the opening of direct communication channels with Singaporean companies to explore investment opportunities in priority sectors.

    The meeting addressed potential cooperation in logistics services, food security, clean energy, urban development, and digital infrastructure projects, in a way that enhances the competitiveness of the Egyptian economy and supports efforts to attract investment.

    Both sides noted that the official visit to Singapore helped strengthen bilateral relations and increase the interest of Singaporean companies in the Egyptian market, particularly following the business forum held in cooperation with GAFI, which witnessed the signing of a number of Memoranda of Understanding in various sectors.

    El-Gawsaky explained that the Egyptian government is working to improve the investment climate through economic reforms and monetary policies aimed at achieving financial stability and reducing inflation, in addition to simplifying procedures, reducing burdens on investors, and enhancing transparency. This has been reflected in higher investment rates and increased tax revenues without raising tax rates.

    The two sides also confirmed priority areas for cooperation in the coming phase, most notably cooperation with Singaporean sovereign funds, expansion in green and renewable energy projects, and the development of exports and logistics services.
  • Major Singaporean companies operating in shipping and logistics revealed their interest in expanding their activities in the Egyptian market, as well as participating in opportunities to manage and operate airports as part of the development plans for Cairo International Airport.

    For his part, Mr. Dominic Goh expressed his appreciation for the progress achieved in Egypt's investment environment, affirming the interest of Singaporean companies in learning more about investment opportunities and strengthening cooperation with GAFI in the coming period.

    At the conclusion of the meeting, both sides emphasized the importance of continued coordination and institutional communication between the relevant authorities in both countries, and of translating the outcomes of the discussions into practical, actionable steps that enhance joint investment opportunities and support the strategic economic partnership between Egypt and Singapore.

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