Egypt’s investment authority and Singapore’s ambassador discussed opportunities to expand bilateral investment cooperation, with a focus on value-added sectors and long-term economic partnership
Within the framework of Egypt’s efforts to strengthen international economic cooperation and attract foreign direct investment, Eng. Mohamed El-Gawsaky, Chief Executive Officer of the General Authority for Investment and Free Zones (GAFI), met Mr Dominic Goh, Ambassador of the Republic of Singapore to Cairo. The meeting explored ways to enhance investment cooperation and expand partnership opportunities between the two countries.
During the discussions, El-Gawsaky highlighted Singapore’s position as one of the largest Asian investors in Egypt, with significant investments concentrated in the food industries. He also pointed to Singapore’s experience in logistics, port management, smart infrastructure, renewable energy and digital transformation, noting: “We aim to attract value-added Singaporean investments in strategic sectors.” He added that GAFI is focused on investments that support development objectives while facilitating the transfer of expertise and technology to the Egyptian market.
The meeting examined potential cooperation across logistics services, food security, clean energy, urban development and digital infrastructure projects. Both sides noted that recent high-level engagement, including an official visit to Singapore and a business forum organised with GAFI, had contributed to increased interest among Singaporean companies, supported by the signing of several memoranda of understanding in different sectors.
El-Gawsaky also outlined measures taken by the Egyptian government to improve the investment climate, including economic reforms and monetary policies aimed at financial stability and inflation control, as well as simplified procedures and enhanced transparency. He said these steps had supported higher investment rates and increased tax revenues without raising tax levels.
For his part, Ambassador Goh said: “The Egyptian market offers promising opportunities and a well-developed investment environment.” He expressed appreciation for recent progress and confirmed the interest of Singaporean companies in deepening engagement with GAFI. Both sides agreed on priority areas for future cooperation, including green and renewable energy, logistics and exports, collaboration with sovereign funds, and potential participation by Singaporean firms in airport management and development projects, underscoring the importance of continued institutional coordination.
Source: General Authority for Investment and Free Zones
