Egypt's President El-Sis meets with Minister Sahar Nasr (R) and Prime Minister Mostafa Madbouly (L) (Photo courtesy of the Egyptian Presidency)
Pesident Abdel-Fattah El-Sisi directed the government on Monday to maintain efforts necessary for ensuring an investment-friendly environment.
He also ordered the government to facilitate investment measures and remove any obstacles that might face investors in any business sectors.
The president made his remarks during a meeting with Prime Minister Mostafa Madbouly in presence of Minister of Investment and International Cooperation Sahar Nasr.
El-Sisi further called for developing the mechanisms necessary for promoting investment opportunities in Egypt, especially in respect of the mega national projects in progress nationwide, Presidential Spokesman Bassam Rady said.
During the meeting, Nasr briefed the president on her ministry's efforts to stimulate investment activities and provide a business-friendly atmosphere in light of newly-introduced legal and legislative reforms, especially Egypt's new investment law, Rady added.
Highlighting Egypt's ranking as Africa's top investment destination in terms of luring foreign direct investments (FDI), Nasr praised the international confidence the Egyptian economy has gained recently.
The minister also shed light on prospects with the World Bank Group, the spokesman noted.
In addition, Nasr posted the president on the current status of investment and free zones at the national level as well as the state's comprehensive investment plan, Rady said.
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