The cabinet, at its weekly session under Prime Minister Moustafa Madbouli, gave the green light to a draft law presented by Minister of Investment Sahar Nasr amending the investment law No. 72 for the year 2017.
The amendments are aimed at encouraging businessmen to pump more investments on the Egyptian market.
The new amendments provide more incentives to investors and ease up measures to start a business in Egypt.
She added that also the amendments are seeking to encourage investors doing business in Egypt to expand their activities on the Egyptian market.
Nasr said that her ministry will keep introducing legislative amendments for encouraging investments in the country and coping up with the international economic legislation.