China tops Egypt’s foreign investment partners with $8B: GAFI CEO
Updated 11/10/2025 2:22:00 PM
Arab Finance: Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), participated in the first panel of the Egypt-China Investment Forum, according to a statement.
The event was attended by representatives of around 200 Egyptian and Chinese companies, such as BYD, Longi, and Inspur.
It gathers companies operating in key sectors, including textiles, infrastructure, and others.
Heiba stated that China tops the list of Egypt’s trade and investment partners worldwide, with more than 2,000 Chinese companies operating in Egypt and total investments exceeding $8 billion.
The CEO also reviewed the investment incentives available to Chinese companies planning to invest in these sectors, including a reimbursement of up to 50% of the investment cost through tax deductions granted to the project for seven years.
On his part, Ahmed El-Gendy, General Manager of Haier Egypt, highlighted that the golden license enabled the company to implement the first phase of its project in Egypt within 13 months. This makes it the fastest-established factory among the group’s global plants.
Haier is the world’s largest home appliance manufacturer, with production facilities in several countries, including China, the US, South Africa, and the Philippines. Its products are available in 200 countries worldwide.
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