Egypt’s General Authority for Investment and Free Zones (GAFI) has held discussions with a delegation from IT Park Uzbekistan to explore cooperation in supporting technology startups, boosting mutual investment, and opening new markets for Egyptian companies in Central Asia. The talks took place in Tashkent and focused on strengthening ties between the two countries’ technology ecosystems.
The Uzbek delegation included senior representatives responsible for exports, partnerships, and investments in the Middle East and North Africa, alongside officials from GAFI. Discussions centred on building partnerships between Egyptian and Uzbek tech companies, exchanging experience in developing entrepreneurship and innovation ecosystems, and attracting global technology firms to operate in both markets.
Hossam Heiba, Chairperson and CEO of GAFI, said the engagement marked an important step toward expanding mutual investment and deepening economic and trade relations between Egypt and Uzbekistan. He highlighted the strong opportunities in technology and digital sectors and reiterated GAFI’s commitment to international cooperation, digital economy growth, and helping Egyptian firms expand regionally and globally.
Heiba also underlined Egypt’s supportive investment framework, including free economic zones, investment zones, and technology parks, which are designed to attract private sector participation and stimulate domestic and foreign investment. Both sides stressed the importance of continued coordination to advance joint initiatives in priority technology sectors.
Azizbek Yusupov of IT Park Uzbekistan praised Egypt’s improving business climate and described it as a strong incentive for deeper cooperation. He announced that Egypt will become the first African country from which IT Park Uzbekistan will actively support technology companies seeking regional expansion and investment opportunities. The Uzbek delegation also outlined incentives for foreign ICT companies, including tax benefits, simplified registration, and flexible licensing, and confirmed readiness to support Egyptian firms entering the Uzbek market.
