A New International Milestone: GAFI Wins Two WAIPA Awards for Best Investor Portal and Best Sustainable Investment Project

Saturday 14 November 2026 16:40

The General Authority for Investment and Free Zones (GAFI) has won two prestigious international awards from the World Association of Investment Promotion Agencies (WAIPA) for the "Best Investor Portal" and the "Best Sustainable Investment Project." Dr. Mohamed Awad, CEO of GAFI, received the awards during his participation in the 30th World Investment Conference (WIC30), held in Geneva, Switzerland.

Renewable Energy Drives Excellence in Sustainable Investment

GAFI was awarded the Islamic Development Bank (IsDB) Group and WAIPA Award for Excellence in Sustainable Investment Projects, in recognition of successfully attracting the leading renewable energy project by "ACWA Power." This achievement aligns with the Egyptian government's strategic vision to increase the share of clean energy in the electricity mix to 45%.

Ministerial Praise and Support for Digital Transformation

For his part, Dr. Mohamed Farid, Minister of Investment and Foreign Trade, extended his sincere thanks and appreciation to all GAFI employees and former leadership for their dedicated efforts that culminated in this international recognition. The Minister affirmed his full confidence in the team's ability to continue implementing legislative, regulatory, and institutional reforms, while expanding reliance on technology to accelerate services and ease burdens, thereby enhancing the competitiveness of the Egyptian economy in attracting value-added investments.

Digitizing Company Incorporation and Simplifying the Investor Journey

In a related context, Dr. Mohamed Awad explained that this international recognition reflects the success of the government and GAFI in upgrading the company incorporation platform and linking it electronically with all relevant authorities, reducing incorporation times to match global benchmarks. He noted that the continuous development of the electronic portal has effectively simplified the investor journey and ensured accurate data availability, supported by a 24/7 multilingual AI-powered Chatbot to provide instant responses to all inquiries.