Investment climate in Egypt improved significantly – minister

Egypt had managed to drastically improve the investment climate, making the country more appealing to investors, read the investment ministry’s statement released on Saturday, Investment Minister  Sahar Nasr said on Saturday.

Egypt was ranked the top African country to attract investments, the statement added.

The government has adopted a comprehensive legislative and administrative reform programme that led to the improvement of Egypt’s economic indicators.

Next, the focus will be on boosting economic competitiveness, improving production, and creating more job opportunities for Egypt’s youth,” Nasr said at a session on effective reforms and private investment at the G20 Osaka summit 2019 held on the sidelines of the seventh edition of the Tokyo International Conference on African Development (TICAD 7).

Nasr cited Egypt’s efforts in economic and legislative reforms and the investment opportunities offered across the country’s sectors.

The minister called on Japanese businessmen to invest in Egypt and to benefit from the investment incentives and guarantees offered by the investment law as well as the infrastructure and available energy resources.

Nasr invited Japan’s business community to participate in the Africa 2019 Conference, scheduled to be held in Egypt in November.

Source: Ahram online