Egypt seeks to improve business environment

Egypt seeks to improve the business environment by facilitating all procedures and overcoming obstacles faced by Egyptian, Arab, and foreign investors in order to restore Egypt’s position on the international investment map, according to Minister of Investment Ashraf Salman.

“Our goal is to attract more investment to add to the gross domestic production (GDP) and provide new job opportunities,” Salman said.

The Ministry of Investment continues to activate the one-stop shop to finish companies’ establishment and issuing land permits. The conflict resolution committee will be established to make obligatory decisions to end 156 investment disputes that took place from August 2015 until January 2016.

The majority of the investment indicators recently improved, where the number of enterprise companies launched was roughly 1,000 companies per month compared to 470 companies early 2015, Salman said.