Egypt is seeking to improve its ranking on the World Bank’s “Doing Business Report”, especially regarding the registration of properties and the enforcement of contracts, Invest-Gate reports.
The government’s plan announcement has come at a meeting between Minister of Investment and International Cooperation Sahar Nasr and Minister of Justice Hossam Abdel-Rehim in Cairo.
During the meeting, Nasr has discussed the Justice Ministry’s efforts to improve the country’s ranking in the coming years on overcoming arguments related to contracts as well as disputes with investors in the real estate market.
Nasr also lauds a recent decision by the Justice Ministry to increase the number of real estate publicity service employees in the General Authority for Foreign Investment by 100%.
In an earlier meeting, Nasr reviewed investment opportunities in the real estate sector with Chairman of the Arab Union for Real Estate Development and Investment Ahmed Al-Sudain, according to Ministry of Investment and International Cooperation’s statement.
An Emirati investor, Al-Sudain says, “We are seeking to pump several investments in Egypt in the coming months,” stressing on Egypt’s promising investment opportunities.