15 Investors Make Use Of Hatem Saleh’s Decisions

Alaa Al Sakty, chairman of the board of Badr Industrial City Investors Association, said 15 investors have made use of the latest decisions of the minister of industry, especially the decision of giving the slack investors time till 25 January 2013 to withdraw their lands.

He described those who made use of the decisions as serious investors. Those investors had gotten their lands since years, but the turmoil and lawlessness after 25 January prevented them from carrying out their investing plans; expecting some of those investors will start implementing their projects during the grace period.

Al Sakty said the incentives provided for the investors are insufficient, so other factors should be added to promote the investor’s estimation for the economic climate in Egypt; such as canceling the solvency, giving the investors more time before withdrawing the lands and easily financing the SMEs, as well as supporting the projects’ studies of production and marketing.