Gov­ern­ment amend­ments for in­vest­ment cli­mate serve SDGs

The Daily News Egypt - - News -

The gov­ern­ment put for­ward ma­jor re­forms mea­sure that have been dis­cussed for decades, said the Min­is­ter of In­vest­ment and In­ter­na­tional Co­op­er­a­tion Sa­har Nasr, over her speech at the third an­nual MENA in­vestor con­fer­ence, or­gan­ised by CI Cap­i­tal on Sun­day, adding that the gov­ern­ment im­prove­ments of in­vest­ment cli­mate serve Sus­tain­able Devel­op­ment Goals (SDGs) Vi­sion 2030.

“We have been work­ing on im­prov­ing the busi­ness en­vi­ron­ment over key mea­sures in­clud­ing leg­isla­tive re­forms to ad­dress the chal­lenges that hin­der im­prov­ing in­vest­ments,” in­di­cated Nasr.

The gov­ern­ment be­lieves in the role of the pri­vate sec­tor in con­tribut­ing to the over­all eco­nomic devel­op­ment, noted Nasr, adding that the pri­vate sec­tor rep­re­sents 70% of the pro­vided jobs in Egypt.

All in­cen­tives and guar­an­tees have been put in place in the New In­vest­ment Law, which leads to at­tract­ing in­vestors to Egypt, stressed the min­is­ter, af­firm­ing that Egypt re­spects all the agree­ments signed with the pri­vate sec­tor.

“we pro­vided in­cen­tives for sec­tors that con­trib­ute to cre­at­ing job op­por­tu­ni­ties for youth and women,” clar­i­fied the min­is­ter, not­ing that Egypt is work­ing to in­crease in­fra­struc­ture in­vest­ment due to its role in at­tract­ing more in­vest­ments, cre­at­ing short­term em­ploy­ment, and long-term growth through large projects such as the Suez Canal Eco­nomic Zone, and the New Ad­min­is­tra­tive Cap­i­tal.

Min­is­ter of In­vest­ment and In­ter­na­tional Co­op­er­a­tion Sa­har Nasr dur­ing her speech at the third an­nual MENA in­vestor con­fer­ence

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