Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    US employment cost index 3.6% up in year to June 2025    Egypt welcomes Canada, Malta's decision to recognise Palestinian state    Pakistan says successfully concluded 'landmark trade deal' with US    Sterling set for sharpest monthly drop since 2022    Egypt, Brazil sign deal to boost pharmaceutical cooperation    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



GAFI hosts Egyptian-British Business Forum to discuss new investments in eco-friendly infrastructure
Published in Daily News Egypt on 26 - 06 - 2024

The General Authority for Investment and Free Zones (GAFI) recently hosted the Egyptian-British Business Forum, focusing on attracting new British investments in environmentally friendly infrastructure projects. The forum brought together Egyptian and British officials, along with representatives from 30 British firms and major Egyptian companies in the infrastructure sector.
The event featured direct bilateral sessions between British and Egyptian companies and government officials. These sessions aimed to explore partnership and cooperation opportunities, to enhance mutual investment volumes.
Hossam Heiba, GAFI's CEO, emphasized the importance of eco-friendly infrastructure projects. These projects cover areas such as water management, renewable energy, eco-friendly engineering, construction, and information technology.
The forum aims to increase British investments in Egypt. In the 2022/2023 fiscal year, British investments in Egypt surpassed $2 billion. Aligning British investment goals with Egypt's development priorities is a key objective.
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone, highlighted the zone's reliance on eco-friendly infrastructure projects. These projects enhance productivity and competitiveness in the area.
The Suez Canal Economic Zone has attracted investments in green hydrogen, green ammonia, and methanol derivatives. British companies are encouraged to invest in green infrastructure, leveraging Egypt's strategic location and trade agreements.
Ayman Soliman, CEO of the Sovereign Fund of Egypt, pointed out significant investment opportunities in logistics and data centres. Egypt's industrial power, resources, and global supply chain connections make it an attractive destination.
Khaled Hamza, Director of the EBRD office in Egypt, expressed the bank's interest in financing infrastructure projects. In 2023, Egypt secured €1.26bn in EBRD funding and investments, reflecting its investment appeal.
Charlie Garnett, Head of Trade and Investment for Egypt and Libya at the British Embassy in Cairo, reaffirmed the strong trade relationship between Egypt and Britain. The trade volume between the two countries reached $2bn, with continued British government support for investors in Egypt.


Clic here to read the story from its source.