Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), announced that the authority is offering the Golden License to strategic PropTech projects as part of its efforts to support real estate technology companies.
This was stated during his participation in the NeoGen Conference for Real Estate Technology and Sustainable Smart Cities, within Egypt’s broader strategy to attract foreign investment and accelerate digital transformation in real estate development.
Heiba explained that the authority is working to develop an investment-friendly environment that supports advanced technologies by updating laws and regulations.
He also emphasized the importance of the PropTech sector in enhancing the efficiency of real estate development, driving the digital transformation of new cities, and attracting high-value investments, in line with Egypt’s Vision 2030 and the smart cities concept.
He also spoke about the investment incentives offered, which include the one-stop-shop system to facilitate procedures, the availability of the Golden License, and the provision of distinguished investment zones. These incentives include tax discounts, fee exemptions, simplified customs procedures, and support for companies engaged in research and development or technology transfer.
Heiba reaffirmed the authority’s commitment to supporting startups and activating dispute resolution mechanisms to ensure a stable investment climate. He noted a recent decline in the number of complaints, reflecting the effectiveness of the investment system and the government’s rapid response to investors’ needs.
He concluded by stating that the authority seeks to strengthen the integration of technology with real estate development to build an integrated investment platform that adds value to the national economy and the cities of the future.
