60 local, international entities to review new investment law: Minister

Investment Minister Ashraf Salman said the current draft of the investment law is “not final” and subject to revision based on ongoing consultations with all investment parties in Egypt.

Salman said the law’s goal is to unify the process of obtaining licences and work through a ‘one-stop shop’ investment window. This is to occur without weighing investors down by having to interact with more than 60 government agencies. The law will also set out a mechanism for settling disputes quickly and successfully.

He said that the draft law has been sent to over 60 local and international entities for review, as well as 33 ministries and universities.