French investments in Egypt surpass $7B: GAFI’s CEO
Updated 4/7/2025 12:27:00 PM
Arab Finance: The French investments in Egypt exceeded $7 billion and created more than 50,000 job opportunities, said Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI).
On the sidelines of the Egypt-France Business Forum, Heiba added that over 180 French companies are operating in the Egyptian market
His remarks came as part of French President Emmanuel Macron’s visit to Cairo.
The CEO affirmed that this visit comes at a crucial time, as Egypt seeks to open broader horizons for international partnership.
Heiba indicated that the two countries share a unified vision to drive innovation, sustainable development, and mutual prosperity.
He stated that Egypt implemented structural economic reforms that contributed to strengthening the investment environment, adding that the foreign direct investment (FDI) inflows in Egypt hit $46.6 billion in 2024.
Meanwhile, the government targets attracting $60 billion in FDI, increasing the value of exports to $145 billion, and achieving a private sector contribution of 65% of total investments by 2030.
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