Egypt ranked first in Africa in terms of the value of inbound foreign direct investment in 2022 according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones ( GAFI ).

Hossam Heiba reviewed the investment incentives offered by Egypt to foreign firms, particularly in a number of vital industries such as the automotive industry, household appliances, power generation, and green hydrogen. He highlighted the incentives offered in the special economic and free zones in Egypt that aim to stimulate exports, including tax exemptions