Investment ministry has plans to boost investment in Upper Egypt

Minister of Investment Dalia Khorshid said the ministry has plans to develop investments in Upper Egypt, based on institutional and legislative axes. 

Khorshid's remarks were made on the sidelines of her participation in the second session of the monthly Youth Conference held in Aswan under the auspices of President Abdel Fattah El Sisi.

The institutional axis is concerned with the presence of centers for investment services in Upper Egypt, she said, noting that there is a center in Assiut and another one to be opened soon in Sohag, the Ministry of Investment said in a statement Saturday.

At the legislative level, Khorshid added, the new investment law currently being discussed by the House of Representatives would enable investors to get lands for free in Upper Egypt as part of the investment projects targeted by the government.