Egypt’s Speaker of the House of Representatives Hanafy Gebaly has hailed as “important” a bill submitted by the government to amend some provisions of the investment law of 2017.
Addressing a plenary session Monday, Gebaly said the investment law is important because it not only directly affects the economic sector in Egypt, but also has a direct impact on investors and entrepreneurs abroad.
The bill introduces new incentives to encourage entrepreneurs abroad to pump new investments into Egypt, and to lure foreign capital, Gebaly added.
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