Egypt, Georgia sign MoU on green business, logistics

Chairman of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba and CEO of Enterprise Georgia – the country's investment promotion agency - Mikhael Kidorele signed an MoU to boost investment between the two states.

The signing took place on the sidelines of the Egyptian-Georgian Business Forum's meeting, where he GAFI chairman showcased that partnerships between Egypt and Georgia would be very viable.

That is because the former is part of trade agreements with markets having a total of 1.3 billion consumers, while Georgia has trade deals with countries that are home to 2.3 billion.

Heiba equally displayed Egypt's tax incentives, and investment opportunities in the sectors of manufacturing, logistics, and green business, expressing hope that Georgia would leverage its experience in renewable energy and recycling in projects in Egypt.