Prime Minister Mostafa Madbouli said the government works to simplify investment procedures, especially with regard to carrying out industrial projects.
The premier added his government has been keen to communicate with businessmen and industrialists to remove any obstacles to implementing their projects.
Madbouli’s remarks came during his meeting on Sunday with CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba to review the procedures related to improving the investment climate in Egypt.
Heiba said the GAFI is currently introducing a set of measures to enhance the investment environment, including the establishment of a mechanism for alloting plots of land to investment projects and developing the system for issuing the required licenses.
GAFI head added the authority received some requests from investment companies to establish industrial projects or expand their presence in the country.
The prime minister said the State welcomes new investments, particularly in the industrial sector, citing the large incentives offered in the past period to lure investments in different sectors.
Madbouli stated the 10th of Ramadan City and other new cities have promising opportunities for attracting industrial investments.
Source: State Information Service Egypt