CEO of GAFI, Hossam Heiba, explained that the strategy aligns with presidential directives and the decisions of the Supreme Council for Investment, aiming to create a collaborative and clear vision for investment in Egypt
Heiba highlighted the Egyptian government’s ambitious plan to increase private sector contribution to 48% of total investments by the fiscal year 2024/2025
This partnership aims to improve direct investment and venture capital in Egypt and create a supportive environment for investors.
He added that the Egyptian government realizes importance of these zones, which contribute about 22% of the proceeds of Egyptian exports abroad
The government aims to localize the technology for producing turbines, panels, and other components of solar and wind power plants.
