Tenth Investors Association: The decisions of the Supreme Investment Council will achieve a comprehensive boom in the Egyptian economy

Written by Fathi Al-Sayeh

1541851 The Board of Directors of the Tenth of Ramadan Investors Association valued the decisions President Abdel Fattah El-Sisi during his presidency of the first meeting of the Supreme Investment Council in order to achieve a comprehensive boom in the Egyptian economy, accelerate the rotation of the wheel of production and prepare the climate for investors in all productive sectors.

Mr. Ayman Reda, Secretary General of the Tenth of Ramadan Investors Association, explained that the decisions of the Supreme Investment Council are considered an encouragement to attract more foreign investments and open the way for local investors to increase production and operate factories at full production capacity, stressing that these are positive steps that investors are waiting for. A long time ago.

President Abdel Fattah El-Sisi chaired yesterday evening, Tuesday, the first meeting of the Supreme Investment Council after its restructuring. In the presence of Dr. Mostafa Madbouly, Prime Minister, Hassan Abdullah, Governor of the Central Bank, and ministers, officials and representatives of the private sector who are members of the Council.

(The Secretary-General of the Tenth of Ramadan Investors Association confirmed that the implementation of these decisions on the ground will bring about a real economic boom in the Egyptian economy and the rapid rotation of the production wheel

Where the Supreme Council for Investment took a number of decisions aimed at achieving a quantum leap in reducing the cost of establishing companies, limiting the restrictions imposed on incorporation, the required approvals and the period for obtaining them, as well as facilitating land ownership, expanding the issuance of the golden license, and strengthening governance Transparency and competitive neutrality in the Egyptian market. Domestic and foreign, expanding the jurisdiction of economic courts, in addition to providing an integrated and competitive package of incentives and facilities in the agricultural, industrial, energy and transport sectors with regard to export and customs fees, and unifying the pricing strategy. 1541851 On the other hand, the Secretary-General of the Tenth of Ramadan Investors Association praised the efforts made by the state and the political leadership in the National Dialogue hearings in terms of disclosure and frankness about the nature of crises, their analysis, and the development of proposals to get out of them. Stressing that the Egyptian economic climate is highly qualified for a strong economic breakthrough.