Egypt’s minister of investment reveals plan

Egypt’s Minister of Investment Dalia Khorshid revealed that her ministry prepares currently a plan to promote all investment opportunities in Egypt’s different places, saying the plan includes presenting the launch-ready projects to the investors.

She added, in an interview with “Arabs Today”, that the plan comes in the framework of the ministry’s policy to attract the foreign investments during the coming period to improve the current economic situation in the country.

She underlined the government’s efforts to draft a clear plan to attract more investors to the country during the coming period, saying that it is inclusive plan aiming to push the investors to seize the opportunities of investment in all over the country, including the neediest provinces.

Upper Egypt is one of the major areas, said Khorshid, saying that the ministry establishes new branches of the Investment Services Complex to cover all Upper Egypt’s provinces. She revealed that they currently establish new branches in Aswan and New Valley. She added, “We already have a complex in Assiut to serve the investors in the province and its surrounding areas.”

She stressed her ministry’s support for the investment in Upper Egypt, saying that they drafted a strategy aiming to ease the measures for the investors in Upper Egypt’s governorates. She revealed that her ministry decided to open new branches for the Egypt’s General Authority of Investment to serve the neediest areas.

She praised the recent investment law, stressing that it has incentive articles to support the investors, stressing that they will resume the measures to prepare the country for attracting more investments in the future. She stressed that it is continuous and long-term process which is related to a large number of measures, including the legislative reform, stressing the investment is one of the government’s major priorities.