Adviser to the Prime Minister of the United Arab Emirates: Egypt wants to create a climate conducive to the attraction of domestic and foreign investment

Jihan Saleh, an adviser to the prime minister for economic affairs, said Egypt wanted to create a climate conducive to investment and create more opportunities to attract domestic and foreign investment. public and private sectors to contribute to development and to offer more employment opportunities to young people.

The meeting was held under the patronage of Sheikh Hamad bin Mohammed Al Sharqi, member of the Supreme Council and ruler of Fujairah, and His Highness Sheikh Mohammed Bin Hamad Al Sharqi, Crown Prince of Fujairah, and Ahmed Aboul Gheit , Secretary General of Fujairah University, Dr. Khalid Hanafi, Secretary General of the Union of Arab Chambers, Khalifa Khamis Mattar Al Kaabi, President of the Fujairah Chamber of Commerce and Industry, organized by the Arab Chambers in cooperation with the House of Fujairah.

The Investment Law No. 72 of 2017 has been promulgated. New investment projects provide numerous incentives by deducting net taxable profits, facilitating the procedures for obtaining the necessary licenses for them. projects and creating service centers for investors of the General Authority for Investment and its branches in the governorates. In addition to the electronic standardization of procedures and services, resolve investors' concerns regarding the time required to complete the procedures, as well as to allow the investor to follow his or her paperwork if he or she is resident in the country. 'foreign.

She emphasized that a strategy for sustainable agricultural development by 2030 had been put in place in order to achieve a new global agricultural renaissance for Egypt, capable of rapid growth and growth. sustainability based on innovation and knowledge intensification to create a new agricultural environment conducive to agricultural investments. The introduction of a consumer support system through smart cards and the promotion of general grain storage, as well as the encouragement of investment in the development of port infrastructure and land storage , which will help increase the efficiency of the grain value chain.