The CEO of the General Authority for Investment and Free Zones (GAFI), Hossam Heiba, said Monday that the authority will begin the process of restructuring procedures starting in January 2026, paving the way for the launch of a unified electronic platform that will allow investors to obtain all licenses and approvals, and track their applications electronically.
Heiba stated during the first meeting of the Egyptian-Korean Committee for Business Development and Investment, held at the authority’s headquarters, that this step aims to ensure transparency, speed, and reduce human intervention. It is part of a broader package of reforms, which also includes granting the “Golden License” and improving the customs clearance system, with the goal of enhancing the efficiency of the business environment and attracting more Korean and foreign investments.
Heiba pointed out that holding these meetings reflects the commitment of both sides to provide a clear vision that removes obstacles and boosts investor confidence. He emphasized that addressing the challenges faced by Korean companies operating in Egypt is a top priority, with solutions being implemented step by step in coordination with all concerned parties.
For his part, Hyundo Yi, the Commercial Attaché at the South Korean Embassy in Cairo, expressed his appreciation for the efforts of the Egyptian side, highlighting the importance of this direct dialogue in creating a supportive environment for the expansion of Korean investments in the Egyptian market.
The meeting included an open dialogue with representatives from dozens of Korean companies operating in diverse vital sectors such as electronics, nuclear energy, steel, and logistics services. The companies discussed the main challenges they face, while the relevant Egyptian authorities provided their vision on ways to address them.
This meeting is part of the country’s efforts to support economic partnerships with the Republic of Korea and enhance direct dialogue between government bodies and the business community to create a more attractive and stable investment environment.
