Sisi Urges Improving Investment Climate in EgyptSource: www.export-egypt.com 5/1/2017, Location: Africa |
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 President Abdel Fattah El Sisi called for improving the investment climate in Egypt to attract more investments into the country.
Sisi made the remark at a meeting with Prime Minister Sherif Ismail and Investment and International Cooperation Minister Sahar Nasr. All State institutions should work together to achieve this goal in light of the important role of investments in supporting the development process and creating jobs for youths, Sisi said. The investment funds contribute to financing small projects and development programs related to women and youths, especially in the most-needy governorates, the president said. Nasr, for her part, expounded efforts exerted by her ministry to lure investors to pump more investments into Egypt. The new investment law, which will be discussed by the parliament, aims to facilitate procedures for investors and grant them more incentives to encourage them to pump investments on the Egyptian market, she said. The ministry will set up centers to serve investors, she said, adding that the move will help finalize procedures to establish companies in a short period of time. The minister spoke also about projects planned to be set up at investment zones in Giza, Qalyubia and Dakahlia governorates. |
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