Egypt :Ministerial Committee Discuss Developing Basic Rules for InvestmentSource: www.export-egypt.com 5/4/2016, Location: Africa |
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 The economic ministerial committee under Prime Minister Sharif Ismail convened in the presence of ministers of international cooperation, industry and trade, finance, business sector, tourism, and investment.
During the meeting, Minister of Investment Dalia Khorshid presented the ministry's work plan based on developing the basic rules for investment in Egypt in light of Egypt 2030 vision. The ministry aims at preparing and developing the institutional framework for investment policy, improving the legislative environment, and developing internal polices, regulation to reduce regulatory barriers and preparing a program to attract direct and indirect investments, she said. The minister said the plan is meant to attract direct foreign investments ranging from 10 to 15 billion dollars by 2018. Two committees will be formed at the level of ministers and at the level of governors, she said, adding that the outcome of both committees would be presented every two months to the Presidency to take the necessary strategic decisions. The state will work according to the expansion plan to establish a number of free zones in order to encourage investments, support the movement of trade and provide several job opportunities. The amendments to the investment law will be introduced in coordination with all relevant authorities, she said. |
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