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Elham AbolFateh

Egypt

Solving investors’ problems ‘top priority’ for Investment Ministry: minister

Tuesday 07/March/2017 - 05:23 PM
Sada El Balad
Finding solutions to problems facing investors along with removing hindrances facing them are top priorities of the ministry to encourage pumping more investments، said Investment and International Cooperation Minister Sahar Nasr on Tuesday.

An inclusive investment map for airports، ports as well as the free industrial and investment zones is being outlined for Egyptian، Arab and foreign investors، Nasr added while wrapping up her visit to Dubai، the state-run MENA reported.

A set of administrative and legislative procedures are being prepared to boost financial funding and measures aimed at protecting small investors، the minister stated، adding that the issuance of a number of financial bills has been expedited.

The ministry prioritizes providing funding mechanisms for small and medium-sized projects، besides expanding funds offered to mega and micro-sized projects، Nasr noted.

On the sidelines of her participation in EFG Hermes 13th annual conference، Nasr met with representatives of the global investment funds، including Abu Dhabi Investment Authority، Deutsche Bank، Waha Capital and NBK Capital.

The meeting tackled increasing their investments in Egypt during the coming phase as well as ways of removing obstacles facing their business in the country، a statement by the ministry said.

Meanwhile، Nasr paid a visit to Al Khaleej Sugar Company and inspected its production mechanism، in light of the company's intention to establish a factory in Egypt to produce over 450،000 tons of beet sugar annually.

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