Investment Law
Egypt Today reviews the approved amendments in Q&As.
The objective of the new amendments drafted by the government is to address problems and challenges on the ground, said Minister of Investment Sahar Nasr.
Nasr added that these amendments will have a positive effect, especially as some of the expected expansions are larger in size and value than projects already in place.
The amendments are aimed at encouraging businessmen to pump more investments on the Egyptian market.
Thumbay said that the value of the prospective deal is LE5 billion ($281 million).
Saudi Minister of State said Saturday that Saudi Arabia is keen to enhance economic relations with Egypt and intents to pump new investments in the country.
An overhaul in business regulations may boost job creation and lead to properly tapping into one of the country’s major resources: human resources.
The capital of companies valued at LE 3.9 billion compared to LE 1.6 billion in the same month last year.
Egypt has recently passed a new investment law that includes a bundle of incentives and guarantees for investors.
Egyptian Speaker suggested establishing an Egyptian-U.S. parliamentary friendship association facilitating communication and dialogue.
Mortgage finance assets offered by companies amounted to LE 3.5 billion in H1 2017, 27 percent more than the same period in H1 2016.
The statute of the Investment Law mainly aims to lure foreign businessmen to pump investments into the Egyptian market, Sahr Nasr Said.
The cabinet approved during a meeting under Prime Minister Sherif Ismail on Wednesday the executive regulation of the investment law.
Business Today Egypt conducted an interview with President of Select Group International Shady Samir.
Prime Minister Sherif Ismail said Wednesday that the executive regulations of the investment law will be issued next week.
Prime Minister Shreif Ismail said that the cabinet is planned to discuss the approval of the investment law's executive regulations on Thursday.
Cabinet's economic group approved the investment law's executive regulations Monday.
Takehiro Kagawa said Japanese businessmen are interested in the Egyptian market, expecting more Japanese investments in the coming period after the new investment law.
The Ministry of International Cooperation will prioritize facilitating payment methods for investors and reducing the time needed to formally establish companies
The government wants to convert free zones into business hubs that can help the country attract more direct investment.
