GAFI, Meinhardt Singapore explore scaling investment in tourism sector
Updated 11/20/2025 11:24:00 AMArab Finance: The General Authority for Investment and Free Zones (GAFI) discussed enhancing cooperation with Meinhardt Singapore to develop a new tourism projects, according to a statement.
The meeting aligned with the authority’s strategy to drive partnerships with international companies and attract investment in the tourism sector.
In his meeting with Ehab Ibrahim, Regional Director at Meinhardt Singapore, GAFI CEO Hossam Heiba noted that the venture will leverage Egypt's unique natural resources and strategic location as a global tourist destination.
Both sides also reviewed the incentives and facilities offered by the government to investors, which support the expansion of investments in this vital sector.
Heiba affirmed the authority’s readiness to provide all forms of support and facilitate the necessary procedures for investors.
The state is keen on attracting high-value investments that contribute to boosting the efficiency of the tourism sector and promoting sustainable development, the CEO added.
He also stressed the need to expand the role of the private sector in implementing projects with significant economic and developmental returns.
Meanwhile, Ibrahim indicated that the company is continuing its expansion within the Egyptian market due to the promising investment and growth opportunities that the country offers across various sectors.
The regional director also highlighted that Egypt represents a strategic gateway to the rest of the African continent's markets, noting that the investment climate is witnessing positive developments that encourage further investment in the coming period.
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