Egypt's General Authority for Investment and Free Zones (GAFI) signed a memorandum of understanding (MoU) with Emirates NBD on Sunday to strengthen cooperation and promote investment opportunities in Egypt at the local and international levels. The agreement focuses on marketing investment opportunities and introducing Emirates NBD clients to services and incentives available to investors in Egypt. It also covers the organisation of bilateral and group meetings between investors and GAFI officials to review opportunities across multiple sectors. Under the memorandum, GAFI will provide information on investment legislation, priority sectors and available projects. The aim is to deliver integrated services, improve coordination between investors, the Authority and the Bank, and ensure a streamlined investment process. The two sides will also conduct sectoral studies to identify promising opportunities and support investment decisions. The agreement is part of GAFI's strategy to deepen cooperation with banks operating in Egypt, improve the business environment, expand access to financing solutions and strengthen Egypt's competitiveness on the global investment map. Attribution: Amwal Al Ghad English
