Investment, int'l coop., trade ministers probe improving indicators of investment atmosphere

Investment and International Cooperation Minister Sahr Nasr discussed with Trade and Industry Minister Tarek Qabil coordination between their ministries to work on improving indicators of investment atmosphere.

This comes within the framework of coordination carried out by the Investment and International Cooperation Ministry with other ministries to make Egypt one of the best countries in luring investments.

During the meeting held between the two ministers at the Investment Ministry headquarters, Nasr stressed that her ministry coordinates with other ministries to outline an investment plan so as to provide various investment opportunities for the Egyptian, Arab and foreign investors, adding that such opportunities should conform with Egypt's vision to achieve sustainable development goals.

Nasr said that a cooperation protocol was inked between the General Authority For Investment and Free Zones (GAFI) and the trade chambers to work as one team to help investors.

The two sides probed increasing support provided to the small and medium enterprises in the most needy areas and beginning work in the ventures of local development program in the Upper Egyptian governorates.

The Investment and International Cooperation Ministry took funding estimated at 500 million dollars from the World Bank to implement such program where the parliament approved of it. 

The program aims at upgrading the level of the infrastructure in the industrial zones, encouraging investors as well as the owners of small and medium enterprises to establish more industrial ventures via offering more incentives.

Nasr agreed with Qabil to visit one of the Upper Egyptian governorates to follow up the development program and get acquainted with the needs of citizens.