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GAFI: Egypt Tops Africa in Foreign Investment Inflows, Eyes Stronger Partnership with Belgium

Egypt: Egypt ranked first in Africa and second in the Arab world in foreign direct investment (FDI) inflows in 2024, Chairman of General Authority for Investment and Free Zones (GAFI) Mohamed Awad said on Monday July 6, 2026. Addressing the Egyptian-Belgian Business Forum, Awad highlighted the country's commitment to bolstering its standing as a premier investment destination within the region, emphasizing its strategic location, advanced infrastructure, and expansive domestic market as key factors contributing to its allure for foreign investors.According to State Information Service Egypt, Awad articulated GAFI's intent to convert the interest of Belgian enterprises into tangible projects and investments, with a notable emphasis on sectors such as green energy, logistics, industry, technology, and healthcare. He underscored the strategic advantages offered by Egypt's geographic positioning, which includes an extensive network of ports and airports, alongside the Suez Canal, facilitating investor access to markets spanning Africa, the Middle East, and Europe.Awad explained GAFI's proactive measures to aid investors, such as streamlining procedures and delivering services through the one-stop-shop system. The authority is also advancing digital transformation and presenting over 1,300 investment opportunities via a digital investment map that spans various sectors and governorates. He provided insights into priority sectors for collaboration between Egypt and Belgium, which include green energy, infrastructure, logistics, advanced industries, pharmaceuticals, sustainable agriculture, water management technologies, digital services, healthcare, and the circular economy.Awad confirmed GAFI's preparedness to arrange specialized meetings with Belgian firms, aiming to transform current interests into investment partnerships and projects, thereby facilitating the growth of Belgian investments in the Egyptian market.

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