Nasr, German delegation discuss investments in Egypt
Investment and International Cooperation Minister Sahar Nasr
Cairo - Mena
Investment and International Cooperation Minister Sahar Nasr met on Thursday with a delegation of Germany's Deutsche Bank, now visiting Egypt, to discuss German funds' future investments in Egypt.
The meeting tackled the German bank's role in promoting efforts to improve the investment climate in Egypt.
The newly-approved investment law includes more incentives to bolster domestic and foreign investments, the minister said.
She added that the law aims to simplify and finalize measures in a specific period of time, set a legislative framework to ensure equality among investors and accelerate the settlement of investment disputes.
Nasr urged the German delegation to make use of investment opportunities available on the Egyptian market, such as the Suez Canal development project and the New Administrative Capital.
The German delegation praised economic reforms implemented by the Egyptian government in the past period.
Egypt is now ready to attract new investments, the delegation members said.
Source: Mena
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