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FINANCIAL NEWS
Egypt to unveil series of new projects in 2010
21 May 2010
(MENAFN) Egypt’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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