Egypt’s General Authority for Investment and Free Zones (GAFI) has won two awards from the World Association of Investment Promotion Agencies (WAIPA), the Ministry of Investment and Foreign Trade said.
GAFI received the awards for its upgraded investor portal and for attracting a sustainable renewable energy project by Saudi company ACWA Power.
Its chief executive, Mohamed Awad, received the awards at the World Investment Conference in Geneva, the ministry said.
The awards were presented by WAIPA and the Islamic Development Bank Group, the ministry said.
Awad said upgrades to the agency’s online company registration platform had reduced the average time needed to establish a business. He added that its website now includes a multilingual chatbot providing round-the-clock support.
Minister Mohamed Farid thanked agency staff and former officials, saying he was confident they would continue reforms to speed up services for investors and make greater use of technology.
