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Prime Minister Mostafa Madbouly has tapped Mohamed Awad (bio) to serve as the General Authority for Investment and FreeZones’ (GAFI) CEO for a one-year term. Madbouly accepted the resignation of Mohamed Al Gawsaky, who had held the role since early January, according to a statement. Iman Mansour (LinkedIn) has also been appointed as the authority’s new vice chairperson.
Meet the new boss: With over 25 years in economic policy and strategic planning, Awad was formerly the head of the Internal Trade Development Authority (ITDA) and is best known for spearheading the digital overhaul of the Commercial Registry and expanding ITDA’s land portfolio for logistics and commercial projects. His mandate at GAFI is expected to lean heavily on this digital-first approach, focusing on streamlining investor services and integrating the authority’s Golden License system with wider state databases to reduce red tape.
Manal Hussein to become chair Contact Financial
Finance and real estate veteran Manal Hussein (LinkedIn) will take the helm as the independent chairperson of Contact Financial Holding, according to an EGX disclosure (pdf). Long-standing co-founder Hazem Moussa (LinkedIn) is passing the baton to Hussein after stepping down earlier this week.
Hussein brings over three decades of experience to the role. She founded electronic payment platform e-Finance and chaired Tamweel Mortgage Finance, and served as a member of parliament and as deputy minister for the Finance and Foreign Trade ministries. In the real estate sector, she currently chairs New City Developments, following a six-year tenure at Orascom Development Egypt.
Meet Orascom Pyramids Entertainment’s new CCO
Mostafa Kamal ElDin (LinkedIn) was tapped as Chief Commercial Officer (CCO) at Orascom Pyramids Entertainment. ElDin most recently served as a commercial director at Orascom Development, leading strategies for some of the group’s flagship Egyptian destinations. Prior to that, he spent over a decade at Orange Egypt in leadership roles across marketing and business development.
