Continuing efforts to create climate conducive to investment

The government is committed to continuing efforts aiming to create a climate conducive to investment and establish an investment-attractive environment in order to attain the desired growth rates, said Investment Minister Ashraf Salman.

Delivering a speech during the conference held under "The Private Sector's Role in Inclusive Growth", on Sunday, Salman reviewed amendments to the investment law, adding that the private sector is an engine of economic growth.

About 70% of total workforce in Egypt works in the private sector, he noted.

The investment rates have improved over the past period, especially after the June 30 Revolution and Egypt's commitment to implementing the political and economic roadmap, said the minister.

He also pointed out to Egypt's keenness on supporting small and medium-sized enterprises and encouraging youths to implement projects which provide jobs and benefit national economy.

He further referred to the launch of electronic website of Egyptian knowledge bank, which is considered the largest digital library in the world.