The Egyptian market is attractive for investment in light of the high rates of profitability and low labor costs, said Head of Tax Authority Abdel Moneim Matar.

During his meeting with a number of Russian officials, Matar said that the Tax Authority will offer all the facilities for investments in light of the law to encourage more investments, according to a statement issued by the authority on Saturday.

The government will exert efforts during the upcoming period to lure more foreign investments to increase growth rates and reduce unemployment, he added.