Going Global to North Africa | Egypt Promotes Direct Investment in RMB, Registering an Egyptian Company to Enjoy Cross-Border Settlement Dividends
Source | Yande International
Since September 2024, the General Authority for Investment and Free Zones (GAFI) in Egypt has announced the opening of a direct investment channel in RMB. Chinese enterprises are allowed to directly use RMB for settlement when investing in Egypt without converting to US dollars. Thus, the economic and trade cooperation between China and Egypt has entered a new era of "local currency settlement." This policy aims to attract more Chinese capital, optimize the foreign exchange structure, and relieve the domestic pressure of US dollar shortage.
As the economic and trade relations between China and Egypt continue to deepen, Egypt's unique investment environment provides a golden springboard for Chinese enterprises to penetrate the North African market. Its advantages cover six major dimensions, including geographical location, international trade, and infrastructure, which are closely linked to form a strong attraction.
Unique geographical location: Located at the junction of Africa, Asia, and Europe, the Suez Canal is a major global shipping route, and Cairo International Airport is an international aviation hub with direct flights to many countries on multiple continents. Convenient international trade: Most products exported to the European Union, the United States, African, and Middle Eastern countries enjoy zero or low tariffs. Adequate human resources: With a population of over 106 million, more than 60% are under 25 years old, and there are about 500,000 university graduates annually. Rich natural resources: It is rich in mineral resources and has the largest Zohr gas field in the Mediterranean. Vast domestic market: It has the largest market scale in the Middle East and Africa. Well - developed infrastructure: There are 11 international airports (Cairo International Airport is the second - largest in Africa) and 18 commercial ports with an annual handling capacity of over 200 million tons; the installed power generation capacity is 59,866 MW, and the transmission lines are long. Its infrastructure development index ranks 14th among 76 countries.
Meanwhile, the economic areas available for foreign investment in Egypt mainly include industrial zones, investment zones, science and technology parks, free zones, special economic zones, and qualified industrial zones. Among them, the special economic zones include the Suez Canal Economic Zone (SCZone) and the Golden Triangle Special Economic Zone. The goal of SCZone is to become the industrial, technological, and global logistics center of Egypt.
There are currently 4 industrial zones (Ain Sukhna, East Port Said, West Kantara, and East Ismailia Integrated Industrial Zone) and 6 ports (East Port Said, West Port Said, Ain Sukhna, Adabiya, Arish, and Port El - Tor) in the zone. The Golden Triangle Special Economic Zone is subject to the tax reduction and exemption provisions of the "Special Economic Zone Law" and is listed as a "Class A area" in the implementation rules of the "Investment Law". It enjoys a special incentive policy of a 50% reduction in investment costs.
Event Preview
The International Service Center for Chinese Enterprises will host the 2025 China - North Africa (Egypt) Bilateral Investment Themed Event on June 13, 2025. The Counselor with the rank of Minister at the Consulate - General of Egypt in Shanghai is specially invited to interpret the official economic cooperation policies. At that time, many listed enterprises that have successfully gone global will communicate with representatives of professional service providers on the industrial cooperation opportunities between China and Egypt on - site.
Event Time: June 13, 2025
Event Venue: 2F, International Service Center for Chinese Enterprises (Building 2, Wisdom Valley, Jiangdong Avenue, Qiantang District, Hangzhou)
Welcome to Sign Up
Enterprise representatives interested in participating in the event are requested to
fill out the registration questionnaire before 18:00 on June 12, 2025
and can only participate after receiving a formal invitation email from the organizer.
This article is from the WeChat public account "Hangzhou Qiantang Enterprise Going - Global Service Base". The author is Zhejiang Enterprises Going Global. It is published with authorization from Qiantang.
