(MENAFN- Daily News Egypt) As part of Egypt's efforts to diversify sources of foreign investment, particularly from East Asian economies, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), led the Authority's first-ever investment promotion mission to the Republic of Indonesia on behalf of the Minister of Investment and Foreign Trade.

The visit marks GAFI's inaugural promotional campaign in Indonesia and comes within the framework of its strategy to attract capital from fast-growing East Asian markets that have achieved major industrial and financial advancement over recent decades.

During the mission, Heiba held meetings with Indonesian Minister of Trade Budi Santoso, Deputy Minister of Foreign Affairs Arif Havas Oegroseno, and senior executives from leading Indonesian companies operating in petrochemicals, fertilizers, food industries, mining, renewable energy, transport, and automotive sectors. The discussions highlighted Egypt's competitive investment climate and explored avenues for partnership between the two countries.

Heiba extended an invitation to Minister Santoso to attend the fourth ministerial meeting of the D-8 Organization for Economic Cooperation, to be hosted by Egypt's Ministry of Investment and Foreign Trade in early December 2025. The meeting will serve as a key platform for promoting collaboration among member states and expanding industrial, trade, and investment ties.

GAFI's delegation also participated in the 40th Indonesia Expo, which gathered representatives from over 8,000 companies across 130 countries and 60 economic sectors. Heiba underscored that Egypt is focusing on attracting investments in priority sectors aligned with the strategic plans of major international companies, to ensure mutual benefit and sustainable growth.

In addition, Heiba met with Indonesia's Minister of Investment and CEO of the Indonesian Sovereign Wealth Fund, Rosan Roeslani, where the two sides discussed priority sectors for cooperation. The Fund, which manages assets valued at $10bn and has invested $4bn across 14 countries, expressed interest in exploring opportunities in Egypt. Heiba invited the Fund's representatives to visit Egypt to identify potential investment prospects on the ground.

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