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The General Authority for Investment and Free Zones (GAFI) is a new guideline for bilateral international investment agreements (IIAs) to be used in Egypt’s negotiations on these agreements.
The Ministry of Investment and International Cooperation and the General Authority for Investment and Free Zones held a meeting with the national authorities to discuss the draft of the guiding model for international investment agreements to be used in the negotiations of Egypt in relation to these agreements in the framework of the current efforts exerted by the government to modernize the international investment agreements signed by Egypt, At the bilateral level.
The meeting was held under the chairmanship of Ola Al-Kibouri, Executive Vice President of GAFI, in the presence of Tariq Sharawi, Advisor to the Minister of Investment and International Cooperation, and Mohamed Sameh Amro, Professor and Head of the International Law Department at the Faculty of Law, Cairo University. National stakeholders.
He added that the meeting discussed and discussed the comments of the representatives of the authorities on the draft pilot model in order to reach a unified national vision on the Egyptian model guiding the bilateral international investment agreements. This represents an important step towards improving the investment environment and attract foreign direct investment The relationship between the government and the foreign investor.
The Executive Vice President of the General Authority for Investment and Free Zones said that the meeting witnessed the presentation of serious proposals by representatives of national bodies to develop and modernize international investment agreements signed by Egypt in a way that balances the rights and obligations of the investor and the state, and increases the attractiveness of the investment environment in Egypt and achieves the sustainability of investment flows And increases economic growth rates.