News Share Article On News Image 01 Jul 2026 GAFI CEO Discusses Progress of the Forbes International Tower Project with Saudi Arabia's Magnom Properties Dr. Mohamed Awad: We are committed to providing a more competitive and attractive investment environment that supports strategic projects and strengthens investors' confidence in the Egyptian economy Page Content Dr.
Mohamed Awad: We are committed to providing a more competitive and attractive investment environment that supports strategic projects and strengthens investors' confidence in the Egyptian economy. The Forbes International Tower project represents a significant addition to Egypt's portfolio of major investments and reflects international investors' confidence in the Egyptian economy.
GAFI is committed to addressing investors' challenges and strengthening partnerships with the private sector to attract investment and facilitate the transfer of advanced technologies. Dr. Maged Marie: We highly appreciate the support provided by MIFT and GAFI to investors.
The Forbes International Tower project aims to attract international investment and reinforce Egypt's position as a regional hub for business and investment. Dr. Mohamed Awad, Chief Executive Officer of the General Authority for Investment and Free Zones (GAFI CEO), welcomed a delegation from Saudi Arabia's Magnom Properties, headed by Dr.
Maged Marie, CEO of the company, to discuss the latest developments regarding the implementation of the Forbes International Tower project in the New Administrative Capital. The meeting was held in line with the directives of H.E. Dr. Mohamed Farid, Minister of Investment and Foreign Trade (MIFT Minister), to support strategic investment projects and maintain continuous engagement with investors.
Dr. Mohamed Awad affirmed that MIFT and GAFI attach great importance to major investment projects given their significant contribution to the national economy. He noted that the Forbes International Tower project is one of Egypt's flagship investment projects, supporting the State's vision of transforming the New Administrative Capital into a regional hub for business and investment.
He added that GAFI continues to enhance investment services, streamline procedures, and remove any obstacles facing investors to ensure the timely implementation of projects and further strengthen the business community's confidence in Egypt's investment climate.
During the meeting, both sides reviewed the latest developments of the pro