Egypt secures 9th global spot leads Africa in attracting foreign investments

Egypt has stepped up its efforts to attract foreign direct investment (FDI), earning the country 9th place globally and 1st in Africa among top investment destinations, with net inflows of $46.1 billion during the 2023–2024 fiscal year, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI).

Speaking at the Egypt–Bahrain Business Forum, Heiba emphasized Egypt’s strong value proposition for investors: a workforce exceeding 32 million people, a diverse economy, a strategic geographic position, competitive tax policies, advanced infrastructure, and trade agreements spanning nearly 70 countries—granting Egyptian products and services access to almost 3 billion consumers worldwide.

Heiba further noted that GAFI’s strategy is centered on delivering tailored services, incentives, and investment frameworks designed to meet the needs of different business sectors.

This approach aligns with the Ministry of Investment and Foreign Trade’s long-term goal of raising Egypt’s exports to $140 billion by 2030.

He also invited Bahraini businesses to explore more than 1,200 opportunities listed on Egypt’s investment map or to engage directly through site visits to the free and investment zones.