Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), outlined Egypt’s priority investment sectors that enjoy full government support, including renewable energy, green hydrogen, automotive, home appliances, tourism, education, healthcare, and information and communication technology (ICT). He noted that these sectors have already attracted significant investment inflows in recent years.
Heiba made his remarks during a session titled Investing in the Future of Infrastructure Projects, held as part of the Future Investment Conference organised by the UN Conference on Trade and Development (UNCTAD) in cooperation with the China International Fair for Investment and Trade in Xiamen.
He stressed that traditional development models are no longer sufficient, adding that Egypt has adopted an integrated approach to infrastructure development that drives economic growth while fostering an investment climate attractive to foreign capital. These efforts are aligned with Egypt Vision 2030, the country’s sustainable development strategy.
Highlighting the government’s digital transformation drive, Heiba said billions of pounds have been invested in fibre optic and 5G networks, as well as expanded internet coverage. This, he explained, has powered the rapid growth of sectors such as fintech. One key achievement was GAFI’s digitisation of business establishment services, which has reduced both time and costs for investors.
Heiba also underscored the importance of stronger cooperation between the Global North and South, noting that this can be achieved through the creation of bankable investment opportunities in low-risk environments. Such initiatives, he said, would reinforce the role of emerging economies as strategic destinations for global capital.
