PM follows up with GAFI CEO on the outcome of the Latter's Tour in Upper Egypt
PM: The State pays special attention to Upper Egypt by promoting more investments to increase development projects and job opportunities
Prime Minister, Dr. Mostafa Madbouly, met Counselor Mohamed Abdel Wahab, the Chief Executive Officer of the General Authority for Investment and Free Zones to discuss the outcome of the latter's recent tour in Upper Egypt governorates, including Qena, Sohag, Luxor and Assiut.
PM stressed that Egypt pays special attention to Upper Egypt through promoting more investments to increase development projects and job opportunities in the southern Governorates. He also pointed out officials' field visits demonstrates the government interest to open up and take advantage of available investment opportunities in these Governorates. He added that encouraging investment would maximize the use of each Governorate's resources, employ its people, and improve quality of life.
Moreover, GAFI CEO announced that a meeting would be held at GAFI with Upper Egypt investors every month to update the status of the available opportunities and the investment projects that are being implemented.
Starting from Qeft Free Zone in Qena Governorate, GAFI CEO presented the outcome of his visit to four southern Governorates elaborating that he inspected a number of projects and entities existing there, including ERE and GLC factories, and that he strictly instructed that all necessary support be provided and procedures be expedited in order to put factory expansions (amounting to EGP 120-150 millions) into effect.
GAFI CEO held a meeting with a number of investors, stressing that his recent tours in Upper Egypt governorates, including Assiut, came with the aim of providing all necessary support to investors, pointing out that GAFI’s plan during this phase includes solving all the challenges facing investors all over the Country, specially the governorates in Upper Egypt, assuring that this visit will be built upon to come up with serious and fruitful recommendations to promote investment in Assiut and Upper Egypt in general.
"Decisions have already been taken on some issues and they have been resolved, and a timetable will be set to solve any other challenges in coordination between GAFI, the governorate and all parties concerned with investment, besides, recommendations to increase investments in Upper Egypt will be provided.", said Mohamed Abd El-Wahab.
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