The Ministry of Investment has set up an integrated development plan for attracting investments in Upper Egypt, Invest-Gate reports.
“The development plan is set up on two levels, institutional and legislative,” Minister of Investment Dalia Khorshid told Egyptian TV at the National Youth Conference held in Aswan on January 27 and 28.
“On the institutional level, we are opening branches in Upper Egypt to promote investments, as well as a services complex in Assiut. There will also be a marketing company affiliated to the ministry to promote investments in Upper Egypt,” Khorshid elaborated.
On the legislative level, the Ministry of Investments, along with parliament and the state’s legislative arms, have been working together to pull off the new investment law aiming to eliminate bureaucracy, protect investors, and therefore, promoting investment. The law has been approved by the State Council on January 28, and presented to the cabinet to complete the final procedures before its issuing.