The General Authority for Investment and Free Zones (GAFI) and Credit Agricole Egypt have joined forces to bolster foreign direct investment (FDI) in Egypt through a memorandum of understanding (MoU) signed by GAFI CEO Hassam Heiba and Credit Agricole Egypt CEO Jean-Pierre Trinelle.
The primary objective of this partnership is to facilitate investment development by acquainting foreign clients of Credit Agricole Egypt with the burgeoning business opportunities available in Egypt. Under the MoU, Credit Agricole Egypt will play a pivotal role in fostering communication between GAFI and bank clients interested in investing and expanding their presence in Egypt.
Credit Agricole Egypt will organise meetings for its clients abroad who are eager to invest in Egypt, leveraging the country’s diverse economy, strategic location, vast consumer market, and major national projects, including the New Administrative Capital and the Suez Canal Economic Zone.
On the other hand, GAFI will provide foreign investors with comprehensive information about investment opportunities in Egypt, focusing on priority sectors aligned with the government’s economic plan.
This collaborative effort between GAFI and Credit Agricole Egypt shows their commitment to driving economic growth and attracting foreign investment to Egypt, ultimately contributing to the country’s development and prosperity.
