Prime Minister Dr. Mostafa Madbouly chaired a meeting today at the government headquarters in New Alamein City to review the final draft of the new Central Business and Financial Zones Law, Invest-Gate reports.

The meeting was attended by Eng. Sherif El Sherbini Minister of Housing, Utilities and Urban Communities; Mr. Hassan El Khatibb Minister of Investment and Foreign Trade; Mr. Hossam Heiba, CEO of the General Authority for Investment and Free Zones. Joining via video conference were Rasha Abdel Aal, Head of the Egyptian Tax Authority, and Rami Youssef, Assistant Minister of Finance for Tax Policies and Development.

Cabinet Spokesman Counselor Mohamed El Homsany stated that the law is now ready for submission to the House of Representatives following final technical adjustments. He explained that the draft was the result of extensive consultations led by the Prime Minister to establish a modern legal framework for business and financial hubs, in line with the state’s vision for promoting specialized economic activities.

El Homsany added that a dedicated legal system governing financial and business zones will enhance Egypt’s competitiveness, attract domestic and foreign investment, and offer regulatory incentives comparable to international business centers.