Reviews Egypt's experience in improving investment climate

Minister of Investment and International Cooperation Sahar Nasr reviewed Egypt’s experience in creating a climate that attracts investments and its impact on boosting growth and development.

Nasr made the remarks during her participation in a high-level session of the International Monetary Fund on opportunities, challenges and policies as regards comprehensive development for the year 2030.

The session is held on the sidelines of the World Bank’s annual meetings.

The Ministry of Investment and International Cooperation works on achieving the government’s development goals through boosting the sustainable economic growth and encouraging the private sector to inject more investments in a way that provides job opportunities for the youth and women, Nasr said.

The minister also pointed to the incentives and guarantees included in the new investment law, with Cairo providing an appropriate legislative environment for businesses via amending some relevant laws, such as the capital market law and the companies law.

Nasr noted that these amendments were approved by the Cabinet.

Meanwhile, she lauded Egypt’s partnership with international financial institutions, saying it has provided Cairo with various resources which are to be directed to the most needy areas and the infrastructure projects.

Source : Mena