Chief Executive Officer of the General Authority for Investment and Free Zones (GAFI), Mohamed Awad, and Executive Vice President of General Authority for Investment and Free Zones (GAFI), Walid Anwar, held a series of meetings on Saturday with representatives of international companies and institutions on the sidelines of the inaugural Alamein-Africa Business Forum.
The objective was to probe investment opportunities and avenues for enhanced economic co-operation.
Awad discussed with the Director General of the Algerian Investment Promotion Agency, Omar Rekkache, ways to strengthen investment and trade co-operation between Egypt and Algeria.
He also met a delegation from Indian automotive and aerospace components manufacturer Motherson Group to explore investment opportunities in Egypt, particularly in the production of automotive parts and selected aerospace components.
Motherson’s Head of Business Development, Gautam Manga, expressed the company’s interest in assessing opportunities in the Egyptian market.
Awad reaffirmed GAFI’s readiness to support the company throughout its assessment, highlighting Egypt’s capabilities in engineering and component manufacturing.
For his part, GAFI’s official outlined Egypt’s investment regimes and the incentives available under each, with particular emphasis on the free-zone system for companies targeting export markets.
In another event, Awad also participated in a meeting between the Minister of Investment and Foreign Trade, Mohamed Farid, and Executive Vice President of the African Export-Import Bank (Afreximbank), Haytham El-Maayergi.
Discussions focused on co-operation to support startups and small and medium-sized enterprises (SMEs), as well as facilitating Egyptian companies’ access to African markets.
