Investment minister holds workshop with WB delegation

Investment and International Cooperation Minister Sahar Nasr held a workshop Monday to post a World Bank (WB) delegation on steps the Egyptian government is taking until May to initiate trade activities, issue construction licenses, protect investors, seal deals and regulate the labor market.

Nasr said she is keen on communicating with the different international parties, who have good experience in improving the investment climate. 

The workshop is meant to review international practices and experiences where doing business is concerned, the minister noted. 

Nasr said she will be coordinating with the different ministries to help create an investment-friendly climate. 

The World Bank delegation was pleased with the economic measures taken by the government, believing those would help improve Egypt's position in the Doing Business Report.

The delegates voiced confidence in the ability of the Egyptian economy to improve. 

Another World Bank delegation is set to visit Egypt in April to further stress the need of reform measures taken by the Egyptian government to improve the investment climate.

Source: MENA