Investment Authority: Updating a database of 56 industrial zones and 26,000 projects

Economy and stock exchange

The General Authority for Investment and Free Zones headed by Mohsen Adel is striving to attract more local, Arab and foreign investments to work on the land of Egypt. To this end, the Authority is promoting investment and stimulating local investment, providing easy and distinct services to the investors and businessmen community. And the business environment.

During the period from July 2018 to April 2019, Mohsen Adel, Chief Executive Officer of the Investment Authority, sought to stimulate internal investment by reviewing and updating 1166 opportunities, updating 56 industrial zones database, updating the executive position of 26,887 projects and reviewing all investment reports.

Mohsen Adel also studied 36 investment topics, held 1101 visits and met with investors.

The Commission conducted several studies and research papers, including a study on the opportunities to attract foreign investments to Egypt in the light of the signs of the commercial war between the United States of America, the European Union and China and Britain's exit from the European Union, the study of the implementation of an industrial city in the desert, To submit a proposal and recommendations on an initiative to transform 2000 factories from the informal sector into the formal sector. Comment on the survey on the importance of establishing a joint Arab holding company for packaging and studying the establishment of the Higher Council for Industrial Industries Commentary on the report on the Egyptian tracks to take advantage of the repercussions of the second batch of US sanctions on Iran.

The study also examined the opportunities to establish a financial center in Egypt in the light of the analysis of the most important Arab experiences. Study, analysis and evaluation of the report of the Minister of Commerce and Industry on Egyptian-Iranian trade relations. Study of the most important developments related to the reform and development of the investment climate in Egypt. Despite the decision to float and the issuance of the new investment law.

The Investment Authority signed 9 memorandums of understanding, most notably with Uzbekistan, the Greek Investment and Trade Corporation, the Cyprus National Agency for Investment Promotion, the Uganda Investment Commission, the Ethiopian Investment Commission, the Ministry of the Business Environment, Trade and Entrepreneurship of Romania and the Pakistan Investment Council.

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