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Mohsen Adel appointed as CEO of GAFI

Egyptian Prime Minister and acting Minister of Housing Mostafa Madbouly has appointed on nTuesday Mohsen Adel as chief executive officer (CEO) of the General Authority for Investment and Free Zones (GAFI). With more than 15 years of financial experience, Adel is to replace the former CEO of GAFI Mona Zobaa. Minister of investment and international …

Daily News Egypt

46th: Russia’s rank on list of countries investing in Egypt: GAFI

The General Authority for Investment (GAFI) revealed that Russia ranks 46th among the largest investors in Egypt and is expected to improve that ranking as economic cooperation between Egypt and Russia is currently growing. Earlier, GAFI declared that Egypt hopes to benefit from Russian experience in improving its ranking in global competitiveness indicators, noting that …

Nihal Samir

GAFI approves establishing 4 investment zones in Suez, Luxor

The board of General Authority for Investment and Free Zones (GAFI), headed by Minister of Investment and International Cooperation Sahar Nasr, approved establishing four investment zones in governorates of Suez and Luxor. Nasr affirmed the importance of working quickly on the development of investment zones and improve all facilities in, to be suitable to attract …

Shaimaa Al-Aees

1,276 companies with EGP1.9bn capital established in November: GAFI

The General Authority for Investment and Free Zones (GAFI) announced that 1,276 companies were established in November with a total capital of EGP 1.9bn, creating 7,942 job opportunities. In GAFI’s monthly report on established companies, 652 companies were established according to Law No. 8 of 1997, with 51.1% of the total capital value. The report …

Hisham Salah