As part of the directives of Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade MIFT Minister), to strengthen investment cooperation with international partners, Dr. Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI), participated in the Arab-Italian Business Forum in Milan, Italy, to explore opportunities for establishing new partnerships between Arab and Italian business communities.
In his address at the Forum, Dr. Awad affirmed that Egypt represents a strategic investment partner and a hub for production and exports, supported by its strategic geographic location, advanced infrastructure, and trade agreements that provide access to extensive regional and international markets.
He noted that the next phase aims to advance Egyptian-Italian relations towards greater productive and industrial integration by leveraging Italian expertise in technology and manufacturing and strengthening cooperation in engineering industries, textiles and spinning, agro-processing, renewable energy, and logistics. These efforts will support localizing industry, transferring technology, and increasing exports.
Dr. Awad stressed that GAFI's participation in the Forum aims to step up efforts to attract more Italian investments to the Egyptian market, open new avenues for cooperation between the Egyptian and Italian business communities, and encourage investment partnerships in areas of mutual interest, thereby strengthening integration between the two countries.
GAFI CEO highlighted that Egypt offers Italian companies a competitive platform for production and exports to regional and international markets, capitalizing on its network of trade agreements. He reaffirmed GAFI's commitment to supporting investors at every stage of their projects and called on Italian companies to explore available opportunities and expand their investments in the Egyptian market to achieve mutual and sustainable benefits.