GAFI Wins Two Awards from WAIPA

Dr. Mohamed Awad Receives the “Best Investor Portal” and “Best Sustainable Investment Project” Awards

Dr. Mohamed Farid, Minister of Investment and Foreign Trade:

• My sincere thanks and appreciation go to all colleagues at the General Authority for Investment and Free Zones (GAFI) on this occasion of international recognition. I am confident in their ability to continue their efforts to streamline procedures and reduce burdens.

Dr. Mohamed Awad:

• his international recognition confirms the success of the measures undertaken by the government and GAFI over the past period. 

The General Authority for Investment and Free Zones (GAFI) has won two awards from the World Association of Investment Promotion Agencies (WAIPA): the Best Investor Portal Award, in recognition of the recent upgrades and integration efforts, and the Best Sustainable Investment Project Award. Dr. Mohamed Awad, GAFI CEO, received the two awards on the sidelines of his participation in the 30th World Investment Conference (WIC30), organized by WAIPA in Geneva, Switzerland.
GAFI received the Islamic Development Bank Group (IsDB Group) and WAIPA Award for Best Sustainable Investment Project in recognition of its success in attracting the investment project of ACWA Power, a company specializing in renewable energy generation. The project aligns with the government’s vision of increasing the share of renewable energy in the electricity mix to 45%.
On this occasion of international recognition, Dr. Mohamed Farid, Minister of Investment and Foreign Trade, expressed his thanks and appreciation to all GAFI employees and former senior officials for their efforts.
The Minister reaffirmed his confidence in GAFI’s workforce and its ability to continue implementing legislative, regulatory, and institutional reform and development plans to streamline and accelerate procedures and services for investors, while making greater use of technology to facilitate transactions. These efforts will strengthen the Egyptian economy’s ability to attract investments that deliver economic and social returns.
Dr. Mohamed Awad affirmed that this international recognition reflects the success of the measures undertaken by the Egyptian Government, represented by GAFI, over the past period to upgrade the company incorporation platform and integrate it with all participating entities. These efforts have helped reduce the average time required to incorporate companies to levels approaching the best international standards.
He noted that the continuous upgrade of GAFI’s electronic portal (https://gafi.gov.eg/en) over the past period has contributed to simplifying the investor journey, facilitating access to services and investment data, and supporting investors through a multilingual smart assistant (Chatbot), available around the clock to provide immediate assistance and respond to investor enquiries.