Cairo: Egypt is keen to strengthen investment cooperation with major Qatari companies and attract new capital to its market, the CEO of the General Authority for Investment and Free Zones (GAFI), Hossam Heiba.

According to State Information Service Egypt, Heiba made the remarks during a series of meetings in Doha, held as part of an official visit by a GAFI delegation that included Ghada Nour, assistant minister of investment and foreign trade for investment, promotion and government offerings.

The visit featured talks with several leading investment groups, including Aamal Company, where the two sides discussed potential expansion in sectors such as renewable energy, pharmaceuticals, car tyres, metal industries, and automotive manufacturing.

Aamal said it was willing to consider acquiring existing companies or entering new projects to expand production lines and strengthen its presence in Egypt.

Heiba briefed the company on Egypt's investment incentives, key sectors, and recent steps to improve the business environment. He also reaffirmed GAFI's readiness to provide information and support aligned with the company's growth plans.

In a separate meeting, the delegation reviewed Retaj Group's plans to expand its footprint in Egypt. Retaj, which specializes in hotel management, expressed appreciation for GAFI's support in establishing a branch to manage a new hotel and said it was increasingly interested in investing in hotel and resort management.

GAFI officials outlined recent improvements in the business environment and incentives for the tourism sector, noting the government's plans to increase hotel capacity and double tourist numbers in line with Egypt Vision 2030.

Heiba concluded the visit by reaffirming GAFI's dedication to supporting Qatari companies looking to invest in Egypt and addressing any obstacles that may hinder their growth, with the goal of strengthening economic ties and creating new opportunities in promising sectors.