On September 22, 2026, Dr. Mohamed Awad, CEO of the Egyptian General Authority for Investment and Free Zones, participated in a conference for the 'Egypt Launches into Export' initiative in Damietta. The event was attended by Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, and Dr. Hossam El-Din Fouzi, Governor of Damietta. During his speech, Dr. Awad highlighted the Authority's efforts to support investors and create a favorable investment environment, particularly for export-oriented investments.
Dr. Awad explained that the Authority supports investors throughout a three-stage process. The first stage involves exploring opportunities, for which the Authority provides an investment map featuring 1330 diverse investment opportunities across various sectors, including those in Damietta. This map serves as a valuable resource for investors seeking to capitalize on Egypt's growth potential. By providing access to such information, the Authority aims to facilitate informed investment decisions.
In the second stage, the Authority offers foundation and licensing services through its electronic portal and 15 investor service centers located across Egypt. These centers, which represent 67 entities involved in investment, provide one-stop shops for investors to obtain necessary licenses and permits. This streamlined process is designed to reduce bureaucracy and encourage investment in the country.
The third stage involves the Authority's Investor Care Portal, launched by Dr. Mohamed Farid Saleh last month. This platform allows investors to submit complaints and suggestions, which are then tracked around the clock to resolve any issues promptly. By providing this level of support, the Authority seeks to foster a business-friendly environment that attracts and retains investment.
During the conference, Dr. Awad also discussed the incentives and facilitations provided by the 2017 Investment Law, including the 'Golden License.' This license combines all necessary permits into a single approval and is granted to projects with significant developmental impact. Additionally, the Authority offers special care to entrepreneurs and startups through its 'Your Idea, Your Company' center, which helps transform innovative ideas into rapidly growing companies.
The 'Your Idea, Your Company' center provides technical and legal advice free of charge, connecting entrepreneurs with business incubators and accelerators. By supporting these innovative companies, the Authority aims to drive economic growth and job creation in Egypt. The center's services are designed to help startups overcome common challenges and achieve success.
The conference for the 'Egypt Launches into Export' initiative highlights the government's efforts to promote export-oriented investments and support economic growth. By providing a platform for investors and stakeholders to engage with government officials, the event aims to foster greater collaboration and investment in Egypt's key sectors. The participation of high-ranking officials underscores the government's commitment to driving investment and development in the country.
Key points
- Egypt's investment chief attends conference for 'Egypt Launches into Export' initiative in Damietta.
