CAIRO – CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said Egypt aims to scale up foreign direct investment (FDI) flows to 15 billion dollars during Fiscal Year 2024/2025.
Heiba said in remarks to Al Arabiya channel that Egypt has roughly 1,300 investment opportunities for both the public and private sectors.
GAFI seeks to increase such chances to exceed 3,000 in the future to cover all sectors, he added.
The country’s investment map is an online platform which displays all possible investment chances, he said, adding the coming phase will see a complete coordination between GAFI and different governorates in accordance with directives of President Abdel Fattah El Sisi.
The authority is supporting governorates to devise their own municipal investment plans and identify their own investment chances and priorities to give a complete picture of the investment map of each governorate to potential local or foreign investors, according to him.
The industry sector is top priority among all investment sectors in the country, he noted.
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