Madbouly reviews final draft of central business, financial zones bill
Egypt’s Prime Minister Moustafa Madbouly on Thursday reviewed the final draft of the central business and financial Zones bill, confirming that the bill is now ready and will undergo a final review before being referred to the House of Representatives.
According to a cabinet statement, the bill was the outcome of a series of meetings with relevant ministers and officials to develop a modern legal framework for establishing central business and financial zones, in line with the state’s economic vision.
The statement added that a dedicated legal system for these zones would help attract more domestic and foreign investment by offering facilitation measures similar to those in other major financial centres.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama