Egypt’s first digitally-established company come to life

Egypt’s first digitally-established company come to life

Egypt’s first digitally established company came to life on Wednesday, when Prime Minister Mostafa Madbouly virtually witnessed its establishment through the digital platform of the General Authority for Investment and Free Zones (GAFI).

The company, the Damietta Green Ammonia Production Company, was established in the Damietta Public Free Zone.This marked the first time a company was established digitally in Egypt, using the fully integrated company establishment service available through the authority’s electronic portal, which was launched in May.

Madbouly stressed the importance of establishing companies through a unified electronic platform, noting that it was one of the most important decisions of the Supreme Council for Investment meeting held in May, chaired by President Abdel Fattah Al-Sisi. He considered it a qualitative leap, providing greater flexibility in procedures to enhance the state’s plans towards creating an attractive investment climate.

Madbouly directed the promotion of this important service on a wider scale to familiarize investors with the necessary steps to enter the electronic platform and follow all the steps to establish the company electronically. He also stressed the importance of the continuity of this important service and providing technical support to overcome any problems.

The video conference was attended by Tarek El Molla, minister of petroleum