Confronting bureaucratic obstacles no longer luxury

Investment Minister Ashraf Salman said that confronting bureaucratic obstacles is no longer a luxury.

Egypt should review all the necessary measures to start and continue investment activity in order to improve investment climate and attract foreign capital, he added during a workshop organized here Saturday by the Investment Ministry to tackle developments which are recently taking place in the country.

One of the most important amendments of the investment law is activating the one-stop shop system regarding issuing licenses and approvals services, he said.

He, meanwhile, said that the amendments included issuing non-tax incentives, which are represented in giving facilities to projects in paying energy bills and allocating lands under the usufruct system along with several incentives related to specific geographical areas and industries.