Attracting Industrial Investments

Egypt released a new law aiming at facilitating the issuance of permits for establishing industrial facilities and attract more industrial investments, the Middle East News Agency reported on August 13.

Egypt’s Trade and Industry Minister Tarek Qabil asserted on August 13 that the law will make a revolution concerning industrial investment in Egypt in the coming period.

The minister added that the new regulations will contribute to attracting more regional and international industrial investments to Egypt as well as improving Egypt’s rating by international institutions.