Engineer Mohamed El- Gossaki, CEO of the General Authority for Investment and Free Zones (GAFI), told the Egyptian-Turkish Business Forum that Cairo is leveraging its strategic geography and digital transformation to offer tangible results for investors.
The high-level meeting, held under the auspices of President
Abdel Fattah El-Sisi and President Recep Tayyip Erdogan, featured a massive
turnout from the business communities of both nations, signaling a robust
return to bilateral economic cooperation.
"Egypt is working to convert economic indicators into
concrete outcomes by providing executable investment opportunities and a
stimulating environment," El- Gossaki said. He emphasized that the
government is prioritizing transparency and the culture of cooperation over
competition to support mutual growth.
Highlighting Egypt’s role as a regional hub, the GAFI chief
pitched the country’s comprehensive economic reforms and trade access to
European, African, and Middle Eastern markets. He specifically pointed to
sectors such as logistics, renewable energy, and digital transformation as
prime areas for Turkish expansion.
To facilitate this, El-Gossaki promoted the Golden License, a
streamlined, comprehensive approval for major projects, and pledged that GAFI
would eliminate any bureaucratic hurdles facing Turkish firms.
Adel Lamei, co-chair of the Egyptian-Turkish Business
Council, echoed the sentiment, noting that the forum marks a real opportunity
to launch new partnerships. He predicted a significant increase in bilateral
trade and a greater presence for each country's products in the other’s market
in the coming period.
The forum was organized by the Ministry of Investment and Foreign Trade, alongside GAFI, as part of a state-led effort to support the economic partnership with Ankara. Officials stressed their commitment to removing obstacles for Turkish investors through direct dialogue between the government and the business community. This approach aims to create a more attractive investment climate and open direct communication channels to ensure mutual benefits for both nations.