The Financial Action Task Force (FATF) announced on Monday that the Prime Minister Mostafa Madbouly appointed Mohamed El-Gawsaky director general General authority for investment and free zones. His term of office begins on the ^1st January.

El-Gawsaky succeeds Hossam Heiba, who occupied the position as CEO of GAFI for three years.

Indeed, the new president has over 20 years of experience in the public and private sectors in the Middle East and in North Africa, with expertise in planning, operations management, investment promotion and climate-related policy development of business. He held the post of Deputy Minister at the Ministry of Investment and Foreign Trade, where he oversaw trade-related files and digital transformation initiatives, and worked to strengthen Egypt's foreign trade capabilities and international partnerships.

el-Gawsaky occupied between 2018 and 2020 the post of Undersecretary of State at the Ministry of Communications and Department of Information Technology, where he headed the central department of international relationships. In this capacity, he coordinated cooperation with international organizations and businesses and worked to attract investments in the ICT sector, according to its profile Mso-bidi-language:ar-sa"> LinkedIn.