Egypt’s General Authority for Investment and Free Zones (GAFI) and Enterprise Singapore have discussed ways to strengthen bilateral investment cooperation and foster new business partnerships, as Egypt seeks to diversify its sources of foreign direct investment (FDI) and attract high-value projects.
The discussions took place between Mohamed Awad, CEO of GAFI, and a delegation from Enterprise Singapore, the government agency responsible for developing Singaporean enterprises and strengthening the country’s position as a global trade and investment hub.
The meeting focused on promoting investment opportunities in Egypt, encouraging partnerships between Egyptian and Singaporean companies, and attracting investments that support technology transfer, industrial localisation, export growth and job creation.
Awad said GAFI remains committed to providing a competitive investment environment that encourages greater inflows of Singaporean investment, particularly in priority sectors.
He added that the authority continues to provide integrated investor services and facilitate new investments and business expansions to further improve Egypt’s investment climate.
Awad also highlighted Egypt’s competitive advantages, including promising opportunities across high-growth sectors, a skilled workforce, abundant natural resources, and modern infrastructure capable of supporting new industrial and investment projects.
For his part, Rahul Ghosh, Regional Director for the Middle East and Africa at Enterprise Singapore, said Singaporean companies and wealth management funds are showing growing interest in investing in Egypt, particularly in the logistics, renewable energy and information technology sectors.
Ghosh noted that Singaporean investors typically favour stable markets for long-term strategic investments, describing Egypt as an attractive destination capable of delivering sustainable growth and long-term value.
As part of the visit, GAFI organised site visits for the Singaporean delegation to several investment and industrial zones and arranged meetings with representatives from key government ministries, including the Ministries of Electricity and Renewable Energy, Water Resources and Irrigation, and Environment, to showcase Egypt’s industrial investment opportunities and supporting infrastructure.
The two sides agreed to continue coordinating in the coming period to identify concrete investment opportunities and strengthen communication between Egyptian and Singaporean companies, with the aim of translating investor interest into projects on the ground.
