General Authority for Investment and Free Zones (GAFI) and Mashreq Bank Saturday 22/3/2025 sealed a cooperation deal to boost cooperation in the investment domain and contribute to attracting local and foreign investments to Egypt.
The memorandum of understanding was signed by GAFI CEO Hossam Heiba and Mashreq Bank Egypt CEO Amr al-Bahey.
GAFI CEO affirmed the top priority given by the government to the private sector, in light of its key role in stimulating and fostering investments in various sectors.
He added that coordination between the public and private sectors contributes to improving the business climate and ensuring its sustainability.
Under the agreement, Mashreq Bank Egypt will post its Egyptian and foreign clients on growing business opportunities in Egypt and the major national projects launched over the past decade.
The bank will facilitate communication between GAFI and the bank clients who seek to invest and expand their business in Egypt, along with organizing meetings for the bank’s overseas clients interested in investing in Egypt with representatives of GAFI.
GAFI will work to provide Mashreq Bank Egypt with all needed information related to investment opportunities in Egypt and the targeted sectors, within the framework of the government’s plan. It will also inform the bank about updates in the investment environment.
