The agreement, signed by GAFI CEO Hossam Heiba and Emirates NBD CEO Amr El Shafei, aims to support investors and strengthen the investment climate to achieve economic development goals.
The MoU is designed to foster cooperation through several
key activities:
Investment Promotion: Jointly promoting investment
opportunities available in Egypt.
Investor Services: Informing the bank's clients about the
services and incentives available to investors.
Bilateral Meetings: Organizing meetings for the bank's
clients with GAFI leadership to brief them on investment prospects across
various sectors.
Information Sharing: GAFI will provide necessary information
on investment legislation, priority sectors, and available opportunities to
ensure integrated service delivery.
Sectoral Studies: Both GAFI and the bank will conduct
sectoral studies to identify promising opportunities and support informed
investment decision-making.
GAFI CEO Hossam Heiba stated that the MoU reflects the Authority's
commitment to strengthening cooperation with financial institutions capable of
supporting the state's plans to attract and develop investments. He called the
agreement a vital step towards achieving integration between the government and
banking sectors.
Heiba added that the collaboration will open broad horizons
for building new partnerships and translating the MoU into tangible results
that support the Egyptian economy.
Amr El Shafei, CEO of Emirates NBD, affirmed that the MoU
provides a comprehensive framework for offering specialized services to
investors, enhancing communication with GAFI, and organizing promotional events
to boost confidence in the Egyptian economy and stimulate the inflow of new
investments.
El Shafei emphasized the bank's pivotal role as a supporting
tool for GAFI in promoting investment opportunities. He noted that the bank has
already started marketing promising opportunities, including prospects in
regional and international markets such as the Gulf, China, India, Turkey, and
Singapore, as part of efforts to open new avenues and attract high-quality
investments.
This partnership is considered a strategic step in GAFI's efforts to build sustainable relationships with banks operating in the Egyptian market, aiming to enhance the business environment, offer innovative financing solutions, and raise Egypt's competitiveness on the global investment map.