The General Authority for Investment and Free Zones (GAFI) and Enterprise Singapore have discussed ways to boost investment co-operation and promote new business partnerships between the two countries.
The talks, held between GAFI Chief Executive Mohamed Awad and a delegation from Enterprise Singapore, focused on promoting investment opportunities, attracting high-quality foreign investment, and supporting projects that contribute to technology transfer, industrial localisation, exports and job creation.
Awad reaffirmed GAFI’s commitment to providing a competitive investment environment and comprehensive services for investors, highlighting Egypt’s growth potential, skilled workforce, modern infrastructure and promising opportunities across a range of priority sectors.
For his part, Rahul Ghosh, Regional Director for the Middle East and Africa at Enterprise Singapore, said Singaporean companies and wealth management funds were showing growing interest in investing in Egypt, particularly in logistics, renewable energy and information technology.
He described Egypt as a stable market well suited to long-term strategic investments that generate added value and support sustainable growth.
During the visit, the Singaporean delegation toured investment and industrial zones and held meetings with Egyptian government officials. Both sides agreed to continue co-ordination to identify investment opportunities and strengthen links between Egyptian and Singaporean businesses.
