Alexandria seen Large Investments Soon- Governor

Alexandria governorate is expected to seize a significant share of investments in the coming period, Governor Hani El-Messiry said on Friday.

This would be in the light of a bunch of new procedures Alexandria governorate plans to issue very soon.

El-Messiry pointed out that Egypt’s judicial climate is one of the key elements that affect the availability of investment opportunities and of economic as well as social progress represented in achieving sustainable development and creating more job opportunities.

During the conference on the judicial climate to support investment held on Friday, Alexandria governor referred to two basic principles to achieve development opportunities in Egypt.

The first is to make legislative amendments to some laws that have been issued in different circumstances and which do not cope with current phase.

The second principle is the judicial climate in which the investment is made; El-Messiry clarified.

The official further said he hoped that the authorities would continue exerting more efforts to adopt new procedures, representing in speeding up the settlement processes, and shortening the duration of litigation to ensure decisive economic justice.