Egypt endorses 85% pullback of GDP sectors as part of State Ownership Policy: Heiba
Updated 11/10/2025 2:59:00 PM
Arab Finance: The State Ownership Policy opened the door for the Egyptian, Arab, and foreign private sectors to participate in economic development efforts, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), stated.
The document stipulates the state’s withdrawal from economic sectors representing nearly 85% of Egypt’s gross domestic product (GDP).
These remarks came during Heiba’s participation in the main session of the Egyptian-Gulf Trade and Investment Forum, held in Cairo under the theme “Roadmap Towards Enhancing Egypt-Gulf Economic Cooperation.”
He unveiled the government’s plans to position Egypt as a regional hub in sectors where the country enjoys a strong competitive edge, such as energy, tourism, and industry.
Therefore, the GAFI developed a comprehensive investment promotion strategy to achieve these national objectives, attracting substantial Arab and foreign investments in these key sectors.
Currently, the authority includes a dedicated Investor Care Department and a Dispute Resolution Center, ensuring that most investor challenges are resolved swiftly and efficiently.
“Today, investors no longer deal with individuals,” the CEO said, “but with a fully integrated system that serves them both online and on the ground.”
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