Eyeing decentralisation of services, Egypt’s Trade and Industry Minister Ahmed Samir said Sunday that work is underway to automate all procedures to further encourage investors to start industrial projects in Egypt.
Speaking during a meeting with board members of the Egyptian Federation of Investors Associations (EFIA), Samir said his Ministry is seeking to ease all challenges and meet demands of the businesspeople.
A follow-up committee is working to guarantee all problems facing investors are solved, he noted.
The political leadership in Egypt is particularly concerned with supporting the industrial sector with the aim to turn Egypt into an industrial hub in the region, Samir said.
All ministries and bodies concerned are acting to make things easier for investors, he assured.
The minister urged the EFIA to sort all insolvent factories across Egypt for his Ministry to be able to study their cases and determine the best way to help restart production.
He made it clear that new investor-friendly laws are in the pipeline, including one to ease licensing of industrial facilities.
The Trade and Industry Ministry is also working to tighten control over factories to guarantee production is up to Egyptian and international standards, Samir said.
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