Prime Minister of the UAE: Egypt wants to create an atmosphere for attracting domestic and foreign investment



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Dr. Jihan Saleh, adviser to the Prime Minister for Economic Affairs, said that Egypt wants to create an investment climate and create more opportunities to attract domestic and foreign investment from the public and private sectors in order to contribute to the development and provide more opportunities for the employment of young people.

The meeting was held under the auspices of Sheikh Hamad bin Mohammed Al Sharqi, a member of the Supreme Council and the ruler of Fujairah. His High Sheikh Mohammed bin Hamad Al Sharqi, the Crown Prince of Fujairah and Ahmed Aboul Gheit, Secretary General of the University of Fujairah, Khalid Hanafi, Secretary General of the Arab Chamber of Arabia, Khalifa Khamis Mattar Al-Qaabi, President of the Chamber of Commerce and Industry of Fujairah, organized by Arab chambers in collaboration with the Fujairah Hall.

The Investment Law no. 72 from 2017. The new investment projects give many incentives by granting a deduction from net taxable profit. It also includes facilitating procedures for obtaining the necessary project licenses and setting up investor service centers in the General Investment Board and its subsidiaries in governors. In addition to the standardization of procedures and services in electronic form, it solves the problems of investors regarding the time it takes to complete the procedures and make it easier for the investor to monitor his documents if he is a resident abroad.

She underlined that a strategy for the sustainable development of agriculture was set up in 2030 in order to achieve a new comprehensive agricultural renaissance for Egypt, capable of fast and sustainable growth based on innovation and enhancing knowledge to create a new agricultural environment for the promotion of agricultural investment. The introduction of a system for supporting consumers with smart cards and promoting the general storage of cereals, and encouraging investments in the development of port infrastructure and land storage, which will contribute to increasing the value of the value chain for cereals.

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