Egypt: New Investment Bill of Great Importance to Egypt's EconomySource: www.export-egypt.com 5/3/2017, Location: Africa |
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The new investment draft law is of great importance to the Egyptian economy, Investment and International Cooperation Minister Sahar Nasr said
Addressing a session of the House of Representatives, Nasr said the new investment bill will help pump more investments into Egypt, create more job opportunities and increase production in order to achieve comprehensive sustainable development. The government hopes the draft law would provide an appropriate legislative framework to attract, protect and develop local and foreign investments in the country, the minister pointed out. She revealed that her ministry adopted an ambitious program with a view to simplifying procedures for investors willing to invest in Egypt . Earlier in the day, the House of Representatives approved in principle the investment draft law presented by MP Amr Ghallab. The investment law aims at providing a legal framework for investments in light of the increase of international competitiveness on luring investments. |
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