The General Authority for Investment and Free Zones (GAFI) has launched a series of introductory workshops aimed at the business community to enhance the quality of foreign direct investment (FDI) data.
The initiative comes under the directives of Minister of Investment and Foreign Trade Mohamed Farid to strengthen economic data systems.
The first workshop, opened by Authority CEO Mohamed Awad with representatives of the Egyptian Insurance Federation, introduced companies to new procedures for collecting and analyzing FDI data in line with the Investment Law. Awad stressed that improving data quality will help design more efficient investment policies, boost investor confidence, and provide international institutions with reliable indicators.
Officials explained data submission steps, addressed company inquiries, and pledged to ease any challenges.
The new database on companies with foreign contributions will provide quarterly insights into high-growth and profitable sectors, as well as those most in need of incentives, enabling faster and more informed economic decisions, Awad noted.
He emphasised that simplifying procedures and raising awareness of the importance of data will increase company participation in submitting investment information.
