China’s Fountain set to invest $100m in new textile complex in Egypt

Hossam Heiba, Chairperson of the General Authority for Investment and Free Zones (GAFI), has met with a delegation from Fountain Set Limited, one of China’s largest textile manufacturers, alongside representatives from Elegance Apparel Garments Freezone, which operates in the Shebin El-Kom Free Zone. During the meeting, Fountain Set outlined its…

Egypt, UNDP discuss expanding cooperation on sustainable development projects

Planning, Economic Development and International Cooperation Minister Rania Al-Mashat praised on Tuesday, December 9, 2025, the UN Development Program for supporting government efforts through 45 projects in areas including climate action, development finance, digital transformation, clean energy, private-sector support, women’s empowerment and social protection. Mashat met UNDP Resident Representative in…

Egypt reviews plans for first national medical simulation centre

Egypt’s Health Minister Khaled Abdel Ghaffar reviewed progress on the country’s first national medical simulation and clinical training centre, known as the “Nile” project, during a meeting on Monday, according to the Ministry of Health. Abdel Ghaffar described the centre as a “major leap” in medical education, aimed at providing…

GAFI unveils updated framework for financial valuation, due diligence

The General Authority for Investment and Free Zones (GAFI) has officially approved an updated technical and regulatory framework for corporate valuation and pre-investment financial due diligence. This move is part of Egypt’s broader efforts to improve the business climate and offer more efficient, transparent services to investors. The announcement followed…