The General Authority for Investment and Free Zones received the Excellence in Sustainability Award in recognition of its efforts in attracting the Haier Egypt Electronics Project, which is one of the most prominent investment projects in Egypt.
Hossam Haiba, CEO of the Authority, was presented with the award on the sidelines of his participation in the twenty-eighth session of the International Investment Conference, which was held in Riyadh from November 25-27.
This award comes in appreciation of the Authority’s efforts to develop an attractive investment environment for investment projects that support sustainable development plans by adopting advanced environmental, economic and industrial practices, which achieves Egypt’s Vision 2030, which combines high economic growth rates with the protection of resources and their efficient exploitation at the same time.
The Authority received the award after competing with 84 distinguished investment projects from 40 countries.
Haier Industrial Complex was among the first projects to obtain the Golden License, which brings together all the permits required to establish and operate facilities within a single “approval.” It is the first environmentally friendly industrial complex in Egypt. It was built on an area of 200,000 square meters at an investment cost of $135 million for the phase. The first to produce home appliances, including air conditioners, washing machines, and screens, to cover the needs of the local market and export abroad. During the year 2024, production of the first phase of the complex began, and $40 million was pumped to establish the second phase on an area 50 thousand square meters for the production of refrigerators and freezers.
Through the Gold License and other measures supporting sustainability, the Authority has been able to attract many projects that contribute to achieving global sustainability goals, including renewable energy, transportation, logistics, and industrial production projects based on modern, environmentally friendly technologies.
