On Monday, October 23, the Egyptian cabinet announced that the General Authority for Investment and Free Zones (GAFI) of Egypt and Qatar National Bank (QNB) had inked a memorandum of understanding (MoU) to strengthen collaboration in promoting investment opportunities in Egypt.
Through its branches, QNB will tell its global clientele about the services offered by GAFI and the investment opportunities in Egypt. That will help those who are keen to invest in Egypt by giving them precise information on the country’s economy.
During promotional travels inside and outside of Egypt, the bank will also take part in setting up bilateral and group meetings between the Authority’s leaders and the Bank’s customers, the statement continued.
For their part, GAFI will give the bank access to all data and laws related to the business climate and investment prospects according to the national strategy.
On the sidelines of the signing ceremony, the Chief Executive Officer of GAFI, Hossam Heiba, confirmed that the authority would notify investors of the financing benefits provided by commercial banks for mutual benefit.
