Investment and International Cooperation Minister Sahar Nasr says executive regulations to the new investment law aim to attract more investments to the country by providing the suitable climate, Invest-Gate reports.

Egypt’s cabinet approved on Thursday, August 17, executive regulations to the new investment law, Nasr says in an official statement.

The new law will help the country start a new phase entitled “Egypt opens its doors to investment”.

The law will be passed on to the State Council, where it is expected to be given a final legal review before becoming active, Nasr earlier told Reuters.