News Share Article On News Image 30 Jun 2026 GAFI and the European Bank for Reconstruction and Development Discuss Activating MoU to Promote Investment and Support Egypt’s Private Sector Dr. Mohamed Awad: Strengthening cooperation in investment promotion and organizing joint events to attract foreign investment Page Content GAFI and the European Bank for Reconstruction and Development Discuss Activating MoU to Promote Investment and Support Egypt’s Private Sector Dr.
Mohamed Awad: - Strengthening cooperation in investment promotion and organizing joint events to attract foreign investment. - Supporting Egyptian companies in aligning with the European Union’s Carbon Border Adjustment Mechanism (CBAM) requirements. - Growing interest among European companies in investing across various economic sectors, particularly data centers.
In line with the directives of Dr. Mohamed Farid, Minister of Investment and Foreign Trade, to strengthen international partnerships with leading global economic institutions, Dr. Mohamed Awad, GAFI CEO, met with a delegation from the European Bank for Reconstruction and Development (EBRD) to discuss mechanisms for activating the Memorandum of Understanding signed between the two sides at the end of last year and to establish a practical framework for cooperation in implementing a number of initiatives aimed at promoting investment and enhancing private sector competitiveness.
Dr. Awad emphasized that activating the Memorandum of Understanding represents an important step toward leveraging the EBRD’s technical expertise and financing capabilities in support of GAFI’s efforts to improve the investment climate, promote investment opportunities, attract additional foreign direct investment (FDI), and enhance the competitiveness of the Egyptian economy.
The meeting reviewed a number of priority areas for cooperation, including the joint promotion of investment opportunities both within Egypt and internationally, the organization of events targeting investors and strategic sectors, and enhanced collaboration in the development of investment zones.
Discussions also covered opportunities to benefit from the Bank’s expertise and financing instruments in supporting infrastructure and service projects within investment zones. Dr. Awad also highlighted GAFI’s efforts to advance its digital services ecosystem and strengthen corporate data analytics capabilities.
He noted that GAFI is utilizing artificial intelligence technologies to analyze dat