The General Authority for Investment and Free Zones (GAFI) held its third weekly meeting with investors since the investment portfolio was delegated to the cabinet, a Sunday statement from GAFI said.
The meeting aimed to closely identify problems facing businesspersons, and discuss ways to solve them and boost investment in Egypt, the statement added. The investors who participated in the meeting are working mainly in agriculture, industry, construction, and real estate sectors.
GAFI Executive Director Mohamed Abd El-Wahab listened from the investors about their complaints and demands, and asked his team to follow up on these issues in coordination with other governmental entities to completely resolve them, the statement assured.
Abdel Wahab asserted that identifying the challenges that hinder boosting investments in the local market is a priority in the current period as it gives important messages to local and foreign businesspersons on the quality of the business environment.
GAFI fully coordinates with stakeholders and Egyptian ministries to enhance the market’s business climate and attract more investments, Abdel Wahab noted, adding that the best way to attract new investments is to eliminate current investor issues.
“Following up on these regular meetings’ results will contribute in setting new visions and strategies that enhance Egypt’s position in doing business over international reports and encourage investors to inject new money in the market,” Abdel Wahab said.