Al Bashir endorses new investment act

President of the Republic and Chairman of the Supreme Council for Investment, Field Marshal Omer Al-Bashir, Tuesday endorsed the new Investment Act for the year 2013, said the Secretary General of the National Investment Act, Ambassador Ahmed Shawer. He said in a statement to SUNA that the new Investment Act aims to removing all the obstacles facing the investors and providing convenient atmosphere for attracting more capitals. Ambassador Shawer said that the Investment Law includes exemption of the capital goods from the added-value tax, giving a grace period of 10 years for the strategic projects, reducing the procedure in one window.