Investment offers under legal scrutiny – Egypt’s PM

Egyptian Prime Minister Dr. Mustafa Madbouly announced on Thursday that a committee, comprising legal as well as technical experts, has been formed to examine investment proposals for significant projects expected to generate substantial foreign exchange flows, the Egyptian Cabinet stated.

He also mentioned the engagement of n international law firm to finalise the agreements and contracts for these projects due to their complex financial, legal, and technical aspects.

Madbouly stated that they will soon announce full details after finalising negotiations with investors.

He emphasised that these significant investment projects will help reach the state’s development goals, create hundreds of thousands of jobs, engage Egyptian companies, and revive the industrial sector, offering numerous benefits to the country.

He clarified that only the cabinet has the responsibility to announce the details of these significant investment projects once they finalise them.