Egypt Today: Egypt is targeting between $12 billion and $15 billion in foreign investments by the end of 2025, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). In an interview with Alarabiya Business, Heiba emphasized the country’s commitment to attracting more foreign direct investment (FDI) and enhancing its business environment.
Heiba highlighted that Egypt’s FDI saw a significant surge in 2024, reaching $46.6 billion, marking a major milestone in the country’s investment landscape. This upward trend has continued into the first quarter of 2025, with FDI recording a 15 percent increase to $2.7 billion compared to the same period the previous year.
As part of Egypt’s broader strategy to attract more investors, Heiba outlined plans to unify the licensing platform, a step aimed at simplifying investment procedures and expediting the country’s digital transformation efforts. This initiative is expected to be fully implemented by the end of 2025, making the investment process more efficient and transparent.
In addition, the government is considering replacing investor fees with a tax-based system, a move designed to incentivize investment and reduce bureaucratic obstacles for businesses. This shift is expected to create a more investor-friendly environment, further strengthening Egypt’s position as a key destination for foreign capital.
https://www.egypttoday.com/Article/3/138966/Egypt-Targets-Up-to-15-Billion-in-Foreign-Investments-by
