Sisi directs to provide factors that attract foreign investments, production requirements

CAIRO - 31 December 2023: President Abdel Fattah El-Sisi directed on Sunday to continue intensive work to provide appropriate conditions to attract more foreign investments and empower the private sector.

 

This came during President Abdel Fattah El-Sisi’s meeting with Mostafa Madbouly, Prime Minister, and Hassan Abdullah, Governor of the Central Bank.

 

The official spokesman for the Presidency of the Republic, Ahmed Fahmy, stated that the meeting dealt with monitoring indicators of the global economic situation, the Egyptian economy, and the performance of the banking sector in the country.

 

The Governor of the Central Bank presented a number of relevant topics, including the new decisions issued by the bank, which are effective as of January 1, 2024, and require customers to be exempted from all expenses and commissions related to electronic bank transfer services for individuals in Egyptian pounds.

 

These are the decisions that aim to motivate citizens to use digital financial services, which contributes to completing financial transactions quickly and flexibly, within the framework of the state’s policy for digital transformation and financial inclusion.

 

The official spokesman added that the meeting also touched on efforts to provide the necessary production requirements for the development process and other priority sectors.