Nov 24, 2024
The Deputy Managing Director of the General Authority for Investment and Free Zones,
Dr. Dalia El-Hawary (GAFI Deputy CEO), opened a training program
on the use of the computer model for feasibility analysis and reporting
(COMFAR), which is run by the United Nations Industrial Development Organization
Organization (UNIDO). The training program lasted five days and
aimed to improve the formulation of investment projects that
To improve feasibility analysis techniques and
Presentation of investment opportunities on the FATF Investment Map.
The training programme is part of the European Union’s programme to support trade,
Industry, Growth and Rapid Market Access (TIGARA), which was launched in August
in August by the Egyptian government, the European Union (EU) and the
UNIDO. The five-year project aims to create a more affordable
environment for the industrial sector and technical assistance
provide technical assistance to the private sector to improve its competitiveness.
Mr. Giacomo Bogo, Director of the
of the Trade, Investment and Digital Transformation Programme at the
European Commission, and Robert Novak, UNIDO consultant.
El-Hawary praised the crucial role of the partnership with UNIDO in
Development of effective methods and tools for project formulation,
and stressed that cooperation between the various national institutions
Cooperation between the different participants in this training
improve the investment environment and attract both local and foreign investments. She also stressed
emphasized that COMFAR software enables comprehensive financial analyses
Financial analyses enable accurate identification of
Identify investment opportunities and prepare bankable projects.
The FATF Deputy CEO further noted that this training reflects the FATF’s strategy
strategy to present attractive investment opportunities
to promote economic growth and attract domestic and foreign investment,
as part of their efforts to improve the business climate and
Competitiveness in line with the state’s vision for growth and
and sustainable development.
It is worth mentioning that the training program also includes representatives
Representatives of several national government agencies participated, in particular the Ministry of
Ministry of Local Development, Ministry of Tourism, Ministry of Industry,
the Center for Industrial Modernization, the Industrial Development Authority
Authority (IDA), the Suez Canal Authority and the Small and Medium
Small and Medium Enterprises Development Agency (SMEDA).
At the end of the training sessions, participants received
Certificates of completion of training and lifetime licenses for
COMFAR is used by 11,000 users in 160 countries.
The program is available in 19 languages and complies with international
accounting standards.