Ganzouri Approves Investment-Boosting Steps

Prime Minister Kamal el-Ganzouri approved on Monday 12/12/2011 a number of measures to encourage and lure domestic, Arab and foreign investments. The measures include easing steps needed to establish new ventures and develop existing ones, said Housing Minister Fathi el-Baradei following a meeting with Ganzouri. Baradei said he proposed several housing projects to Ganzouri, such as selling 100,000 plots of lands to low-income citizens for family housing purposes by the end of 2012. The meeting also took up ways to boost Egyptian-Iranian trade cooperation, said Chairman of the Arab Foreign Trade Company el-Sayed el-Akili.