PM: Gov’t seeks to lure foreign investments

The government is keen on attracting foreign investments through endorsing a number of laws and legislation that are expected to help raise the economic growth rates and the Gross Domestic Product (GDP), Prime Minister Sherif Ismail said on Sunday.

Those legal procedures will also contribute to providing more job openings, boosting exports and achieving the sustainable development in various sectors, the Egyptian Premier added.

In a related context, the cabinet reviewed during its meeting the new amendments to the draft law on investment.

Furthermore, Ismail called for presenting the final draft of the bill in the next meeting for ratification before referring it to the State’s Council for revision and then to the Parliament for approval.

For her part, Investment Minister Dalia Khorshid said the final draft of the law includes further incentives and guarantees for stimulating the investment movement nationwide.