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2026-11-14T18:58:26.000Z

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GAFI Wins 2 WAIPA Awards

GAFI Wins 2 WAIPA Awards

The General Authority for Investment and Free Zones received two awards from the World Association of Investment Promotion Agencies (WAIPA): Best Investor Portal and Best Sustainable Investment Project. The awards were presented to the Authority’s CEO, Mohamed Awad, at the World Investment Conference in Geneva. The sustainable project award recognized the attraction of investment by ACWA Power in renewable energy, in line with the government’s goal of increasing renewables’ share of the electricity mix to 45%. Awad said that upgrading the Authority’s portal and connecting the company formation platform with relevant entities had helped simplify services for investors and shorten the time required to establish a company, while providing immediate multilingual support through a smart assistant.

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