GAFI CEO – Al Habtoor Group Chairman Discuss Investment and Expansion Opportunities in Egypt
As part of the Ministry of Investment and Foreign Trade’s (MIFT) efforts to promote foreign direct investment (FDI) and broaden the investor base in the Egyptian market, Dr. Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI), met with businessman Khalaf Al Habtoor, Founder and Chairman of Al Habtoor Group, in the presence of Counselor Tarek El-Ghazaly, Regional General Manager (UAE) for the National Bank of Egypt (NBE), to discuss investment and expansion opportunities in Egypt.
Dr. Awad affirmed Egypt’s commitment to strengthening the investment partnership with the United Arab Emirates for the UAE and leveraging the expertise of Emirati investors in establishing high-quality projects in the Egyptian market. He noted that GAFI is working to streamline procedures and provide investors with the necessary information and data to support the expansion of existing investments and attract new investments.
The meeting reviewed available investment opportunities in the real estate, tourism, hospitality, education, logistics, and services sectors, as well as the activities of Al Habtoor Group and the diversity of its investment portfolio, which spans real estate, hospitality, automotive, and education. Among the Group’s prominent projects in Dubai is “Al Habtoor City”.
On his part, Mr. Khalaf Al Habtoor expressed the Group’s interest in exploring available investment opportunities in the Egyptian market and examining areas that align with its expertise and future directions. He underscored the importance of continuing communication with GAFI during the coming period.