Speaking at the Egypt–Bahrain Business Forum, Heiba highlighted Egypt’s many competitive advantages for investors, including a workforce of more than 32 million people, a highly diversified economy, a strategic geographic location, competitive tax rates, robust infrastructure, and trade agreements with nearly 70 countries, giving Egyptian goods and services access to around 3 billion consumers worldwide.
The move aims to meet the growing demand for industrial investment and strengthen the ability of Egyptian exports to access global markets.
According to a statement released by Egypt’s General Authority for Investment and Free Zones (GAFI), the new facility is expected to create 4,000 job opportunities.
The facility will be dedicated to producing flare gas recovery systems and carbon separation technologies, along with reinjection equipment that returns recovered gases to the natural gas grid.
Heiba added that Egypt’s foreign direct investment (FDI) saw a remarkable surge in 2024, reaching $ 46.6 billion.
