Egypt targets new reforms to improve investment, trade environment: El-Khatib
Updated 12/4/2024 3:37:00 PM
Arab Finance: The Egyptian government is seeking to implement more reforms in fiscal, monetary, and trade policies to create a clear and transparent investment environment, Minister of Investment and Foreign Trade Hassan El-Khatib announced during a roundtable discussion.
Organized by LYNX Strategic Business Advisors, the roundtable tackled the government’s effort to facilitate procedures for investors.
El-Khatib said that the reforms aim to ease the financial burden on investors by reducing non-tax fees and cutting down the time required for customs clearance.
These steps are set to attract more foreign investments to the Egyptian market.
The minister also stated that Egypt is transitioning from a government-led economic development model to one driven by the private sector.
He emphasized the importance of creating clear and predictable policies to establish a new economic vision.
Furthermore, he highlighted the government’s priority of fostering a competitive and transformative economy by improving the business climate to attract investments and enhance market competitiveness.
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