Cairo: Egypt and the Republic of Korea have approved the establishment of a joint committee aimed at removing investment obstacles, marking a significant step towards enhancing economic collaboration between the two nations. The CEO of the General Authority for Investment and Free Zones (GAFI), Hossam Heiba, announced that the authority will initiate restructuring procedures in January 2026. This initiative is set to launch a unified electronic platform that will allow investors to acquire all necessary licenses and approvals while tracking their applications electronically.According to State Information Service Egypt, Heiba explained during the inaugural meeting of the Egyptian-Korean Committee for Business Development and Investment that this move targets transparency and speed while minimizing human intervention. It forms part of a comprehensive reform package which includes the granting of the "Golden License" and improvements to the customs clearance system. These measures are designed to boost the eff iciency of the business environment and attract more investments from Korea and other foreign entities.Heiba emphasized the importance of these meetings as a commitment from both sides to clear obstacles and enhance investor confidence. He assured that tackling the challenges faced by Korean companies in Egypt remains a priority, with solutions being implemented progressively in collaboration with all relevant parties.Hyundo Yi, the Commercial Attaché at the South Korean Embassy in Cairo, praised the Egyptian efforts, underscoring the significance of direct dialogue in fostering a supportive environment for the expansion of Korean investments in Egypt.The meeting featured discussions with representatives from numerous Korean companies involved in vital sectors such as electronics, nuclear energy, steel, and logistics services. The companies shared the main challenges they encounter, while Egyptian authorities offered their perspectives on potential solutions.This initiative aligns with Egypt's broader strategy to strengthen economic partnerships with the Republic of Korea and promote direct dialogue between governmental bodies and the business community, thereby cultivating a more attractive and stable investment climate.