PM says full consensus a must to issue final executive regulations
Prime Minister Sherif Ismail
Cairo - Egypt Today
Prime Minister Sherif Ismail said on Monday that the economic ministerial group approved the executive regulations of a new investment law, asserting that they would be subject to a final revision before being sent to the State Council.
The regulations will not be issued unless full consensus is reached by all bodies concerned, Ismail said in statements at the Cabinet’s headquarters.
Any amendments will consider the comments and notes expressed by all parties, he said, stressing the necessity that the regulations be issued in a sound and legal form.
Ismail noted that the regulations will be sent to the State Council for revision before a decision to issue them is announced by the prime minister.
The new law is expected to boost investment by cutting down bureaucracy, especially for starting new projects, and providing more incentives to investors looking to pump money in Egypt.
Source: Mena
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