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Heiba lauds E-commerce role in economic development

Businessmen Team news 06 October 2025 01:39 PM
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Heiba lauds E-commerce role in economic development

The Egyptian government views the e-commerce sector as a vital partner in economic growth, the CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said at a recent industry event.

Heiba affirmed that e-commerce companies have contributed positively to the Egyptian economy by developing trade, providing goods through innovative methods, creating thousands of job opportunities, and expanding commodity distribution networks across the market. He also praised the sector’s role in increasing reliance on electronic payments and promoting financial inclusion for both customers and workers.

Heiba's remarks came during his participation in the annual partners celebration for food delivery giant Talabat, marking its five-year anniversary in the Egyptian market.

A number of top officials attended the ceremony, including Finance Minister Ahmed Kouchouk, Supply and Internal Trade Minister Dr. Sherif Farouk, Labour Minister Mohamed Gaber, Information Technology Institute (ITI) Chairwoman Dr. Heba Saleh, and Vice Minister of Finance for Fiscal Policies Yasser Sobhi. They were hosted by Talabat Egypt Managing Director Hadeer Shalaby.

Heiba pledged GAFI's continued support for Talabat's expansion in Egypt, promising all necessary incentives and facilities to ensure the company's sustained growth. He noted that the company’s objectives—including high labor intensity, localization of technology, development of logistics, and environmental sustainability—align with the government’s priorities.

Heiba highlighted the company's increasing reliance on bicycles and electric bikes, which also cuts the environmental cost of customers travelling to buy goods themselves.

He added that the Egyptian government considers these companies to be successful partners capable of providing goods and stabilizing prices in the market at competitive rates. Furthermore, the companies' storage capabilities, managed through modern technological systems, help protect the Egyptian market from sudden fluctuations in commodity prices and availability.