Arab Finance: Several Indian companies have shown interest in investing in the Egyptian industries of fertilizers, green hydrogen, and food, as per a statement by the General Authority for Investment and Free Zones (GAFI).

During his promotional visit in India, CEO of the GAFI Hossam Heiba met with the Managing Director and CEO of Invest India Nivruti Rai to encourage Indian investors to explore opportunities in various sectors in Egypt, including automotive, home appliances, textiles, food, pharmaceuticals, education, and IT.

In their meeting, Heiba highlighted Egypt’s efforts to create a favorable investment environment, including infrastructure development via expanding land road networks by over 20,000 kilometers and upgrading and establishing 27 seaports.

He also discussed a number of significant renewable energy projects in Egypt like the Benban solar power plant in Aswan.

Meanwhile, Rai expressed Indian companies' interest in partnering with the Egyptian private sector and contributing to infrastructure development in the industrial, renewable energy, and logistics sectors.

The two sides agreed to provide detailed information on investment opportunities, facilitate mutual visits, and launch a joint website to support investment cooperation.

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