Egypt: Presidential Decree to Form Supreme Council for InvestmentSource: www.export-egypt.com 10/19/2016, Location: Africa |
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 President Abdel Fattah El Sisi issued a presidential decree to form a supreme council for investment under his chairmanship.
The council groups the prime minister, the governor of the Central Bank of Egypt, the ministers of defense and military production, finance, investment, interior, justice, and trade and industry, the head of the General Intelligence Service, the head of the Administrative Control Authority, the CEO of the General Authority for Investment and Free Zones, the chairman of the Federation of Egyptian Industries and the head of the Egyptian Federation of Investors Associations. The council is due to convene at least once every two months at a call by the President. The council's tasks include following up Egypt's ratings in international investment reports, updating the country's investment map and developing a general framework for legislative and administrative reform. The council will also monitor government implementation of plans and programs related to investment and progress achieved with regard to major economic projects. |
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