Egypt's GAFI Wins WAIPA Awards for Investor Portal and Renewable Energy Project
Egypt's GAFI Wins WAIPA Awards for Investor Portal and Renewable Energy Project
Egypt’s General Authority for Investment and Free Zones (GAFI) has been honored with two awards by the World Association of Investment Promotion Agencies (WAIPA). The recognition, presented at the World Investment Conference in Geneva, acknowledges the agency's upgraded digital investor portal and its success in securing a major renewable energy project from Saudi firm ACWA Power.
Egypt’s General Authority for Investment and Free Zones (GAFI) has received two awards from the World Association of Investment Promotion Agencies (WAIPA), according to a statement from the Ministry of Investment and Foreign Trade.
The honors were presented at the World Investment Conference in Geneva by WAIPA and the Islamic Development Bank Group. Mohamed Awad, GAFI’s chief executive, accepted the awards on behalf of the agency.
GAFI was recognized for two specific achievements: the modernization of its online investor portal and its role in attracting a sustainable renewable energy project developed by Saudi company ACWA Power.
Regarding the digital upgrade, Awad noted that improvements to the agency’s online company registration platform have significantly reduced the average time required to establish a business. He added that the updated website now features a multilingual chatbot designed to provide round-the-clock support to investors.
Minister of Investment and Foreign Trade Mohamed Farid thanked GAFI staff and former officials for their contributions. He expressed confidence that the agency would continue implementing reforms aimed at accelerating services for investors and increasing the use of technology.
C.Ferreira--ESF
