Egypt’s minister reveals plan to increase investments

Egypt’s Minister of International Cooperation Sahar Nasr said that her ministry exerts increasing efforts to overcome the current challenges facing the investors, stressing that the Egyptian government gives the priority to increasing the foreign investments in the country during the coming period. She added that the investments could perform a major role to contain the increasing unemployment and to provide more job opportunities.
She added, in an interview with “Arabs Today”, that she works to pass a number of laws aiming to encourage the investors to increase their projects in the country in the different sectors during the coming period. She stressed the importance of foreign investments to push forward the country’s growth rates and to provide more job opportunities.
She added that she will hold a number of tours during the coming period to know the challenges facing the investors and to reach serious solutions for any challenges facing them. She added that she gives the priority to the small and medium projects due to their important role to support the national economy.
Regarding the Investment Law, the Egyptian minister said that it has been discussed by Egypt’s House of Representatives, stressing the need for preparing a legislative environment supporting the investments. She called the investors to submit their proposals over the new law to be discussed by the parliament.
She added that the ministry will prepare a map of investment to organize the investments during the coming years to pave the way for achieving the sustainable development in the country. She added that such a map aims to provide more opportunities to the investors and to resolve their problems.
She revealed that a delegation from the World bank currently visits Egypt to assess the measures taken by the Egyptian government to achieve reform and to measure the current economic situation witnessed in the country. She added that another delegation is scheduled to visit the country in April to monitor the economic reform.
She stressed the need for exerting more efforts to attract the foreign investments, saying that the government is keen to contact with its partners to support its plan to achieve economic development and to support the investments.