The General Investment and Free Zones Authority won the United Nations Excellence Award for 2022, in appreciation of its efforts in achieving “excellence in targeting and promoting sustainable investment in the agricultural business sector”, according to the United Nations Conference on Trade and Development (UNCTAD).
The award was received by Counselor Mohamed Abdel -Wahab, CEO of the General Investment Authority, on the sidelines of his participation in the meeting of the Investment and Development Committee of UNCTAD, held in the Swiss city Maghawry, head of the Egyptian Commercial Office in Geneva.
The CEO of the authority affirmed that this award is a new achievement added to the authority for the first time in its history, as well as a certificate of confidence in the success of the Egyptian government in supporting and enhancing the business climate and sustainable investment, and attracting investments of added value.
At the same time, Counselor Mohamed Abdel -Wahab indicated that the authority’s victory in this award is a tribute to its role towards investors, through the formulation of policies and laws, and to create real investment opportunities and confront various investment challenges, in addition to its role as an introduction to investor services from establishment to employment during the various stages For the age of investment projects.
“Abdel Wahab” also explained that this year’s award focuses on promoting sustainable investment in agricultural business related to the sustainable development goals on food security, noting that it came as a culmination of the authority’s excellence in facilitating the procedures of the “channel for sugar” project, which is a model for foreign directly integrated investment projects In the field of agriculture and manufacturing, which contributes to replacing imports and providing more job opportunities in Upper Egypt governorates.
The CEO of the General Investment Authority expressed his sincere thanks and appreciation to UNCTAD, as a strategic partner of the authority, and also expressed his thanks to everyone who contributed to the presence of the authority among the best investment promotion agencies, stressing the continued pursuit of the same approach; In order to achieve effective cooperation between the authority and various regional and international economic institutions; To contribute to achieving the goals of the ambitious development plans of the Egyptian state.
It should be noted that “UNCTAD” has been organizing, since 2002, the annual United Nations awards to encourage investment to recognize the role of investment bodies and highlight their contributions to facilitating and creating investments, and shedding light on the outstanding achievements of investment promotion agencies, as well as educating the business community about the contributions of these organizations in achieving Development and advancement strategies, and spread best practices in encouraging and facilitating foreign direct investment.
The General Investment Authority has been awarded the Excellence Award for its efforts to increase private sector investments, which achieve sustainable development goals..
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