Egypt launches phase II of investment plan

The second phase of Egypt’s investment plan was launched on Monday during a conference held by the ministry of investment and cooperation, with the aim of putting the country on the global investment map.

The plan offers all investment opportunities that can be tapped, and was prepared in coordination with 66 governmental bodies and 22 ministries.

During the conference, Minister of Investment and Cooperation Sahar Nasr revealed that the second phase focuses on governance, transparency, in addition to easing the procedures and increasing the number of service centers in various areas around the country.

It is projected that a map of industrial lands will be launched, according to statements made by the Prime Minister Mostafa Madbouly. He also stated that all the opportunities that the plan offers will be enrolled in the investment plan.

Egypt’s investment plan is an online plan which includes about one thousand investment opportunities ready to be tapped in various governorates all over Egypt.

The first phase of that plan, launched in March 2018, aimed at easing the way for foreign investors and businesspersons to recognize the ready investment opportunities, making an extreme use of all competitive advantages that the Egyptian economy has, especially due to Egypt being an exporting hub to Europe, African and the Arab World markets.

In the second phase, the ministry on investment is offering the function of registering personal accounts online so to allow potential investors to establish a list of investment opportunities they may easily browse.

Source: Ahram Online