Minister of Investment and International Cooperation Sahar Nasr announced that the cabinet approved the establishment of an investment company for the development of investment, free trade zones, and investment services areas, with a capital of EGP300m and it targets to reach EGP 3bn.
This decision comes in the framework of efforts to improve the investment environment, pointing out that the company will work to develop the infrastructure of the new areas and to meet the needs of the existing areas, especially in Upper Egypt governorates.
The investment services centers is important in light of the keenness to activate the Investment Law and legislative reforms to establish investment services centers mechanized in all governorates, in order to keep pace with global economic developments.
These steps improve the investment environment in Egypt, which is part of legislative reforms.
Source AL Ahram, Daily news