Supreme Council for Investment convenes

Meeting under President Abdel Fattah El Sisi, the Supreme Council for Investment discussed Sunday a new investment bill.

The bill shall be referred to investors' unions and representatives of the business associations to make remarks and suggestions before a final draft is probed by the Cabinet on December 14, presidential spokesman Alaa Youssef quoted the investment minister as having said.

The council also discussed a proposition to upgrade ports in the Suez Canal region, as well as rules regulating land allocation, Youssef said. 

Participants tackled projects currently being implemented in the Sinai Peninsula as well, he added.

Figuring high in the meeting were also steps taken to form a joint Egyptian-UAE investment fund, Youssef further said.