Arab Finance: Egypt’s General Authority for Investment and Free Zones (GAFI) and Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) have agreed to establish a cooperation protocol to exchange expertise in managing and developing free and investment zones, according to a statement from the Ministry of Investment and Foreign Trade.
The agreement was reached during a meeting between Mohamed Awad, CEO of GAFI, and Ahmed bin Hassan Al Dheeb, Deputy Chairman of OPAZ, on the sidelines of the 30th World Investment Conference (WIC26) in Switzerland.
Under the proposed protocol, both authorities will exchange expertise and benefit from successful practices in managing and developing investment zones.
The two sides also agreed to arrange a visit by an Omani delegation to Egypt to examine the country's experience firsthand and tour several free and investment zones.
During the meeting, Awad reviewed Egypt's experience in managing and developing these zones, highlighting practices to improve operational efficiency, enhance the investment climate, and strengthen their ability to attract investments.
The discussions form part of efforts to deepen institutional cooperation between Egypt and Oman and share best practices to support investment attraction and sustainable economic development in both countries.
