Al Jaber Urges New Laws to Protect Investments in Egypt

Egypt has to set new alluring regulations which would secure capital flows so as to reassure the investors willing to make businesses in Egypt, the UAE’s Minister of State Sultan Ahmed Al Jaber during the Gulf-Egyptian Investment Forum which kicked off today in Cairo.

“The most important thing we’d like to see happen is the topic of the laws needed to assure investors and protect their capital …”

In his keynote speech at the economic forum, Al Jaber has addressed the multiple challenges that hinder the investment movement in Egypt, demanding to transfer such obstacles into reasonable opportunities and reinforce political stability so as to attract more investments to the North African country.

Moreover, the minister added that investors have to direct their businesses towards the labour-intensive enterprises in order to create new job opportunities, saying UAE has confidence in Egypt’s ability to overcome the ongoing challenges including the unemployment crisis.

The UAE will continue its support to the Egyptian economy, he noted.