Egypt’s General Authority for Investment and Free Zones (GAFI) has won an IsDB Group-WAIPA Investment Excellence Award for the Kom Ombo solar project, the Islamic Development Bank Group said on Wednesday.
The award, for outstanding sustainable investment project, was presented at the 30th World Investment Conference in Geneva. The Islamic Development Bank Group said the Kom Ombo solar plant in Upper Egypt had delivered measurable economic, social and environmental benefits.
Who else won the investment awards?
The National Investment Promotion Agency of Comoros received a special recognition award for least developed countries, for supporting investors from project preparation to aftercare. Invest Oman won the award for investment-ready projects and facilitation.
Fifteen applications were submitted and an independent international jury chose the winners, the bank said. The awards are run jointly with the World Association of Investment Promotion Agencies (WAIPA) and are open to investment agencies in the bank’s 57 member countries.
Why does the Kom Ombo solar award matter for Egypt?
Egypt is trying to raise the share of renewables in its power mix and to attract private capital into energy, and GAFI uses such recognition in its pitch to foreign investors. Egypt has also been courting large African investors, as DNE Africa reported on Dangote Group’s plans in Egypt.
FAQ
What award did the Kom Ombo solar project win?
It won the IsDB Group-WAIPA award for outstanding sustainable investment project in 2026, received by Egypt’s GAFI.
Where were the awards presented?
At the 30th World Investment Conference in Geneva, according to the Islamic Development Bank Group.
Which other African agency was recognised?
The National Investment Promotion Agency of Comoros received a special recognition award for least developed countries.
