Egypt’s Prime Minister Mostafa Madbouli said the government is continuing its efforts to create an attractive climate for local and foreign investments, through introducing further incentives and facilitation to investors.
Madbouli’s remarks came during his meeting on Thursday with Minister of Investment and Foreign Trade Hassan El Khatib.
The investment minister said his ministry is working to prepare a new package of incentives, in cooperation with several bodies concerned.
The new package includes a set of measures that are expected to contribute to improving the investment climate in Egypt and increasing the volume of local and foreign investments in various areas, El Khatib added.
The investment minister said his ministry seeks to maximize the benefit from the export burden reimbursement program, with a view to boosting Egyptian exports.
El Khatib stated that he met several local, Arab and foreign investors, as he reviewed the new incentives and facilitation to be offered by the government to encourage them to inject further investments in the coming period.
The minister noted that those meetings tackled how to overcome challenges and obstacles facing investors to lure further investments in different sectors. (MENA)
El Khatib posted Madbouli on the results of his visit to London, where he met a host of British investors and businessmen, as well as officials of a number of international banks in the UK.
The minister said that he updated British investors and businessmen on the Egyptian government’s endeavors to support the investment sector.
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