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The investment promotion agency: GAFI |
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The investment in general, including in the free zones, be it of national or foreign origin, is managed by the General Authority for Free Zones and Investment (GAFI), which was gradually transformed into an agency of investment promotion and facilitation. |
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The General Authority for Free Zones and Investment (GAFI) |
The law 13-2004, modifying the law 8-1997, aims at facilitating the establishment of new companies, by making the GAFI a one stop shop for the investors. This law also entitles the GAFI to grant temporary licences for the launching of a project and to act on behalf of the investors and of the official organisations throughout the life of an investment project.
The GAFI established a one-stop-shop including representatives from the various government agencies in charge of administrative procedures related to foreign investments. A new company can thus be created within 72 hours.
The GAFI acts as a national focal point for the international organisations, the business community and the international trade poles, by disseminating information and investment opportunities through its modernised centre of information. It is organising national and international seminars on these questions.
Co-operating with the Ministry of Investments, the GAFI established a national cartography of the investment opportunities to be promoted for each area and launched in September 2005 an international campaign of promotion and communication with the assistance Fleishman-Hillard communication agency.
The GAFI plays an essential role in technology transfers and active promotion of the Egyptian exports towards the rest of the world.
Website: www.gafinet.org
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