Ministry of Investment and Intentional Cooperation has announced the launch of a new website to establish an integrative database for direct and indirect foreign investments, Invest-Gate reports.

For that matter, The General Authority for Investment (GAFI) requested public and private bodies to submit the available information on foreign investment flows and assets for statistical and auditing purposes, according to an official statement on October 1.

As of October 1, the digital platform offers quarter data forms in both Arabic and English for companies with foreign participations to complete their data submission on a regular basis.

This move comes in compliance with law no. 141/2019, which added clause no. 14 to article no. 74 of Investment Law No. 72/2019, the investment stated.