New Investment Law final draft to be submitted to Egypt’s Cabinet end-Nov.

Egyptian Investment Ministry is set to finish revising the New Investment Law within three week in order to submit the final draft to the Cabinet by the end of November.

Investment Minister Dalia Khorshid, stated Wednesday that endorsing the new law is a great step towards creating attractive climate for more investments and local and foreign capitals.

She made these remarks during the meeting of the Egyptian Cabinet in which Prime Minister Sherif Ismail showcased a report on procedures adopted for preparing the new law.

Khorshid added that the primary draft of the law has been prepared according to the draft made by state’s Supreme Legislative Reform Committee, studies about obstacles facing investments in Egypt, in addition to suggestions of business society.