Cairo: General Authority for Investment and Free Zones (GAFI) and Mashreq Bank have officially entered into a cooperation agreement aimed at enhancing collaboration within the investment sector to attract both local and foreign investments to Egypt. The deal was signed by GAFI CEO Hossam Heiba and Mashreq Bank Egypt CEO Amr el Bahey.

According to State Information Service Egypt, the GAFI CEO emphasized the government’s prioritization of the private sector due to its significant impact on stimulating and fostering investments across various sectors. The CEO noted that effective coordination between the public and private sectors is crucial for improving the business climate and ensuring its long-term sustainability.

As part of the agreement, Mashreq Bank Egypt will inform its Egyptian and foreign clients about emerging business opportunities in Egypt, as well as the major national projects initiated over the past decade. The bank will also serve as a liaison between GAFI and clients looking to invest and expand their businesses in Egypt. Additionally, the bank will organize meetings for its international clients interested in Egyptian investments with GAFI representatives.

GAFI is committed to supplying Mashreq Bank Egypt with comprehensive information on investment opportunities in Egypt and the sectors targeted under the government’s plan. The agency will also keep the bank updated with the latest developments in the investment environment.