Mohiedeen: GAFY, two insurance companies' chairmen to be sacked

Minister of Investment Mahmoud Moheideen announced yesterday that the current chairmen of the General Authority for Investment and Free Zones (GAFI) and two state-owned insurance companies will be sacked and the new chairmen will be appointed within days or few hours, affirming that the change will not be only in persons but also in policies and functions in a way that leads to attract more foreign investments.

"The most important change is facilitating official procedures and boosting GAFI's role in propagating projects and investment opportunities in Egypt," he added.