The Egyptian General Investment Authority and Free Trade Zones (FATF) held the first meeting of the Egyptian-Korean committee for business and investment development.

The meeting of the Committee was attended by the CEO of GAFI, Hossam Heiba, from the Commercial Attaché at the South Korean Embassy in Cairo, Hyun-do Yi, representatives of several Egyptian government agencies and senior managers of major Korean companies operating in Egypt. This The meeting is part of the efforts made by the Government, under the umbrella of the ministry Investment and Foreign Trade and FATF, to strengthen dialogue with the Korean business world and offer a a more attractive and stable investment environment.

Egypt and South Korea are striving to deepen their economic cooperation and to solve obstacles encountered by Korean investors on the local market. Heibaa d é write the co-op é ration with Cor é e from the South like a essential pillar of d é development relationships é economical bilat é rales.

According to him, GAFI is implementing a comprehensive package of reforms aimed at simplifying procedures, speeding up the issuance of licenses and to expand the range of services offered to investors.

According to Heiba, the restructuring of procedures will start in January 2026, laying the foundations for an electronic platform unified that will ensure transparency, faster processing and a reduced human intervention.

Both parties have concluded the meeting by reaffirming their commitment to continue coordination and to maintaining a regular communication channel.