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Egypt to unveil series of new projects in 2010

21 May 2010

(MENAFN) Egyptâ€™s Investment Minister, Dr Mahmoud Mohi Al Din, said that the government will announce during the current year a package of new projects which aim to attract more investors into the African country, Khaleej Times reported.

The minister said that the government is currently implementing a series of measures, including review of company and licensing laws to woo foreign investors.

Mohi Al Din pointed out that investment in Egypt hiked to $26.4 billion over the last three years, due to government management of the customs woes and introduction of a 72 hours company registration system instead of the old 4 month long system.

The minister also announced that President, Mohammed Hosni Mubarak, will open a new airport in rural region within the coming few days.

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