On the sidelines of the Arab-Italian Business Forum in Milan, and in line with the directives of Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade (MIFT Minister), to promote investment in the Egyptian market, Dr. Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI), held meetings with representatives of three Italian entities: Pometon, SIMIC, and Promos Italia, to explore opportunities to attract new investments, strengthen industrial and technological cooperation, and transfer expertise to the Egyptian market.
Dr. Awad met with Ms. Silvia Chiaraviglio Simoncini, Honorary President of Pometon, a company specializing in the production of metal powders and materials used in engineering and technology industries. The meeting explored opportunities to establish a manufacturing facility or a regional distribution center in Egypt and capitalize on growth opportunities in the automotive and renewable energy sectors. He affirmed GAFI’s readiness to facilitate procedures for setting up projects.
In a separate meeting with Mr. Federico Bega, Director in charge for Institutional Relations & Public Affairs at Promos Italia, discussions focused on cooperation in promoting investment opportunities in Egypt and organizing trade missions and business-to-business meetings, with a focus on automotive components, textiles, food industries, and renewable energy.
GAFI CEO also met with Ms. Naema Zaazea, International Business Director at SIMIC, a company specializing in engineering, manufacturing, installation, and industrial maintenance of heavy equipment. The meeting discussed opportunities for the company to enter the Egyptian market and participate in the establishment and development of data centers, particularly projects powered by clean energy sources.