GAFI to offer business opportunities to Arab investors in Cairo forum this December

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CAIRO: The Egyptian General Authority of Investment and Free Zones has prepared details on infrastructure, construction and tourism investment opportunities that will be offered to 1,000 Arab investors in Egypt. The investors include Arab financial institutions and investment companies.

The move comes as part of GAFI’s preparations for the Cairo Investment Forum organized in coordination with the Egyptian Ministry of Investment and the Economy and Business Group in Lebanon, scheduled for Dec. 10 and 11.

In a press conference Monday with the GAFI Chairman, the Egyptian Minister of Investment announced the date set for the forum, asserting that political leadership in Egypt is interested in the forum which he expected to become one of the most important measures to attract investments in 2007.

According to GAFI Chairman Ziad Bahaa El Din, infrastructure projects will be offered in the Public Private Partnership arrangement, especially for building schools.

Road construction will also be among the package of business opportunities, and the Cairo-Alexandria highway will be offered to Kuwaiti investors during the forum.

Bahaa El Din said that GAFI has coordinated with the Ministry of Civil Aviation to offer certain airports to investors for upgrading under the B.O.T arrangement, including the Ain Al-Sokhna Airport.

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