Yasser Abbas, Deputy CEO of the General Authority for Investment and Free Zones (GAFI), met with a delegation from the Swiss company Barry Callebaut, headed by Vamsi Mohan, the company's regional head for Asia, Africa and the Middle East, to discuss the company's plans to invest in the Egyptian market.
The Deputy CEO of the Authority reviewed the most important developments in the investment climate in Egypt, the new investment guarantees and incentives offered to investors, and the expansion in issuing the golden licenses.
On his part, Mohan announced targeting entry into the Egyptian market by establishing a chocolate manufacturing project with investments amounting to $30 million.
The project aims to meet the demand in the local market in addition to relying on Egypt as a regional hub for exporting the company's products to Middle Eastern and African countries.
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