In line with the directives of Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade (MIFT Minister), to strengthen cooperation with investment-related entities and expand the range of available investment opportunities, Dr. Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI CEO), welcomed Dr. Mohamed Ahmed Ibrahim, Head of the General Authority for the Golden Triangle Economic Zone (GTEZ), and his accompanying delegation. The meeting was attended by Mr. Yasser Abbas, GAFI Deputy CEO, and discussed ways to enhance joint cooperation and intensify efforts to promote investment opportunities in the zone.
The meeting reviewed GTEZ’s strategic advantages, including its diverse mineral resources and distinctive geographical location linking the Nile Valley with the Red Sea coast, which strengthens its attractiveness for investment in mining, manufacturing, and logistics services.
Dr. Mohamed Awad affirmed GAFI’s commitment to strengthening coordination and integration with entities concerned with investment, supporting efforts to promote the promising potential and opportunities offered by GTEZ, streamlining procedures, and providing the necessary services for targeted projects. These efforts aim to translate GTEZ’s available potential into cluster-based investment projects that support development efforts.
On his part, Dr. Mohamed Ahmed Ibrahim highlighted the importance of cooperation with GAFI to introduce local and foreign investors to the investment advantages and incentives available in GTEZ, attract investments that maximize the utilization of its mineral resources, and establish mining and industrial projects that generate added value for the Egyptian economy.
Both sides discussed the possibility of allocating a representative office for GTEZ within the Investor Services Center (ISC) in Qena Governorate. This would facilitate direct communication with investors and raise their awareness of the opportunities available in GTEZ. They also discussed mechanisms for listing these opportunities on the Investment Map and promoting them, as well as encouraging the establishment of industrial clusters that support deeper local manufacturing, increase added value, and attract further investment.