Egypt’s investment map taps into 7,000 business opportunities – GAFI head

Egypt’s investment map will provide around 7,000 new opportunities for investors in the local market, said the investment authority GAFI head on Wednesday.

“Egyptian Ministry of Investment and GAFI are committed to continuing and deepening economic reforms in the country.” Mohsen Adel said during a meeting with door-knock mission members in London.

The reforms “aim to fulfill Egypt’s stated goals to substantially improve the country’s business climate over the coming years and support the private sector with all the tools needed to ensure investor protection and security,” Adel added.

The Egyptian economic reform programme included new regulations in favour of investors by reducing the waiting period for obtaining licences to establish new companies from 30 days instead of three years, he said.