At the third annual “Egyptian Entrepreneurship Sector Diagnostic Report 2025” summit in El Gouna, the head of Egypt’s investment authority announced a landmark reform aimed at transforming the country’s business landscape. Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), revealed that a new companies law is being drafted to digitize and streamline the process of obtaining all necessary business approvals within a 20-day timeframe.
Re-Engineering The Investor Experience
Hossam Heiba described the initiative as a complete “re-engineering of the investor experience in Egypt.” The goal is to shift from a slow, complex, and traditional process to a modern, digital-first system characterized by transparency and ease. This legislative overhaul is intended to move beyond written policies and create a practical reality that significantly enhances Egypt’s competitiveness, positioning it as a leading investment destination in the region.
Linking Macro Stability To Tangible Opportunities
The announcement was part of a broader discussion on how macroeconomic reforms can stimulate investment and entrepreneurship. Dr. Gihan Saleh, Economic Advisor to the Prime Minister, emphasized that the true value of economic stability is realized when it creates tangible opportunities for citizens and startups. She stated that the ultimate goal of the reforms is to translate high-level economic indicators into sustainable and inclusive growth for all segments of society.
From an investor’s standpoint, Omar El-Shenety, Co-founder of Zilla Capital, highlighted that macroeconomic stability, particularly a stable exchange rate, is the cornerstone for restoring confidence in the Egyptian market. He noted that while startups can navigate various challenges, uncertainty is the biggest impediment to investment decisions. Clarity on the exchange rate, coupled with a move toward lower interest rates, is crucial for unlocking capital and realizing the full potential of Egypt’s entrepreneurial ecosystem.
A Catalyst For The Entrepreneurial Ecosystem
The proposed reforms, spearheaded by GAFI, are seen as a critical step toward creating a more dynamic and attractive environment for both local and foreign investors. By combining streamlined digital bureaucracy with a stable economic outlook, Egypt aims to foster a new phase of confidence and capital flow into its vibrant startup sector, driving growth and innovation.
About The General Authority for Investment and Free Zones (GAFI)
The General Authority for Investment and Free Zones (GAFI) is the primary Egyptian government body responsible for regulating and facilitating domestic and foreign investment. It works to improve the business environment, promote investment opportunities, and streamline procedures for investors operating in Egypt.
Source: Masrawy
