Investment Institutional Framework

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A new Ministry of Investment came into office in July 2004 to oversee investment policy, coordinate among various ministries with investment-related areas of responsibility, and provide dispute settlements services for investors. The new ministry supervises the Capital Market Authority, the Egyptian Insurance Supervisory Authority, the Mortgage Finance Authority, the privatization program, and the General Authority for Investment and Free Zones.

The General Authority for Investment and Free Zones (GAFI) is the principal governmental authority concerned with regulating and facilitating investment, and stands ready to assist investors worldwide. GAFI is currently broadening its scope from the traditional regulatory framework into a more effective and proactive investment promotion agency. In coordination with the World Bank‘s Multilateral Investment Guarantee Agency (MIGA), GAFI has been able to undergo serious changes in facilitating and promoting investments into Egypt through its Research and Market Intelligence, Promotion and Facilitation, and investor aftercare bodies.

Triggered by the new government’s key objectives, GAFI represents Egypt's sole "One Stop Shop" for investment, which aims at easing the way for investors worldwide to take advantage of the opportunities in Egypt’s promising emerging market. GAFI makes emphasis on various investment opportunities that lie ahead in distinct business sectors throughout the Egyptian economy. With this purpose, GAFI holds its responsibility through developing communicational campaigns and assisting its image accentuating the improved investment climate in Egypt worldwide.

 
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