The council is designed to provide a favorable environment for investment initiatives undertaken by Egypt.
Egypt has taken a major step towards its economic future with the formation of the High Investment Council. This council, led by the president of the republic and comprised of the prime minister, several ministers, and officials, aims to ensure the inflow of foreign and Arab investments into the country.
The council is designed to provide a favorable environment for investment initiatives undertaken by Egypt.
Nader Youssef Nassim, the deputy head of the Religious Committee in the Senate, praised the creation of the High Investment Council, stating that it will enhance the state's efforts and provide an attractive climate for investors without any obstacles.
The council will create favorable conditions for Arab and foreign investment, highlighting the economic and strategic importance of Resolution No. 141 of 2023 to establish the High Investment Council and its work system in removing obstacles and hurdles facing investment in Egypt.
According to Nassim, the creation of the High Investment Council under the leadership of the president will help create an attractive climate for investment, as well as ensure the resolution of any issues faced by both foreign and local investors.
The council will help resolve jurisdictional conflicts and untangle bureaucratic entanglements, leading to the speedy completion of licenses and services for investors.
Nassim further noted that there are already economic regulations aimed at removing obstacles and creating incentives for companies, in addition to ongoing meetings between the president and concerned ministers to monitor the procedures being taken.
Nassim concluded by emphasizing that the Egyptian economy is strong, and the economic and financial reforms over the past few years have already borne fruit. Through thousands of major projects in the agricultural, industrial, infrastructure, and service sectors, Egypt has created a suitable and robust environment for moving towards the future.
