A screen shot of the website.
Mohamed Abdel-Wahab, CEO of the General Authority for Investment and Free Zones (GAFI), announced on Thursday the launch of the updated version of Egypt's investment map with new facilities and mechanisms that allow investors to offer proposals electronically.
During a cabinet meeting, headed by Prime Minister Mostafa Madbouly, Abdel-Wahab reviewed the most important features of the updated version of Egypt’s investment map, which includes a new design of the website that makes it easier to access, according to a cabinet statement.
The CEO of GAFI confirmed that the map's electronic portal has been developed to allow the state authorities to include and modify investment opportunities, and to add interactive capabilities that allow easy communication with investors.
The new website also includes Egypt’s most important trade agreements, and allows investor to submit and follow up on propositions, while showcasing amendments in the sectors and governorates of interest, and receiving an e-mail with new opportunities, the statement reads.
All opportunities on the investment map shall be updated, which includes the location, area, established building conditions, pricing, and investment activities appropriate to their nature and method of disposal, according to the statement.
Prime Minister Madbouly ordered to designate an official from all relevant ministries whose task would be to feed the investment map with data and information, and to complete all information related to investment opportunities, the statement said.
Egypt’s investment map currently includes 2,551 opportunities and 24 sectoral study and 57 indicative feasibility studies, according to Abdel-Wahab.
The investment map, through close collaboration with authorities from 27 governorates, includes information on projects of all sizes, indicating how close the projects are to key facilities (transport links, schools and hospitals) and provides a platform where investors and government officials can connect. Furthermore, the map indicates where ongoing development projects are located, enabling investors to plan ahead.