The General Authority for Investment and Free Zones (GAFI) is working to strengthen investment cooperation with Greece as part of Egypt’s broader strategy to expand economic ties with international partners.
GAFI CEO Mohamed El-Gawsaky met with Greek Ambassador to Cairo Nikolaos Papageorgiou to explore opportunities for joint investment, review the current landscape of Greek investments in Egypt, and discuss priority strategic projects of mutual interest.
The talks focused on enhancing bilateral economic cooperation, particularly through supporting Egyptian companies – especially startups – while fostering innovation and improving competitiveness in both domestic and global markets.
El-Gawsaky underscored the importance of building a supportive ecosystem for startups, highlighting the role of streamlined administrative procedures, targeted training programs, and strong backing for innovation and advanced technologies, including artificial intelligence and digital transformation.
He noted that these efforts are part of a comprehensive national strategy aimed at strengthening Egypt’s economy, expanding joint investment opportunities, and boosting the global competitiveness of Egyptian businesses.
The GAFI CEO also highlighted the deep historical roots of Egyptian-Greek relations, which he said have evolved into strategic economic and investment partnerships. He emphasized that this cooperation provides a platform for exchanging expertise in technology and entrepreneurship, as well as for developing small, medium-sized, and startup enterprises to become active players in the global digital economy.
El-Gawsaky added that the meeting provided an opportunity to discuss potential joint initiatives to apply artificial intelligence across industry, services, and trade, helping Egyptian companies expand market access and drive innovation.
For his part, Ambassador Papageorgiou reaffirmed Greece’s commitment to supporting economic partnerships that promote the growth of SMEs and startups, encourage innovation, and contribute to a competitive business environment. He described Egypt as a strategic partner and a key hub for Greek investments in the Eastern Mediterranean.
At the conclusion of the meeting, both sides expressed their aspiration to translate their shared vision into concrete projects that support economic growth, strengthen innovation and entrepreneurship, and advance the mutual interests of both countries.
