He added that the private sector is the backbone of the Egyptian economy, and the government prioritises the partnership between the public and private sectors and its role in creating new job opportunities, and achieving sustainable development. The Minister made that statement during his participation in the Private Sector Participation Annual Conference, organized by the Center for International Private Enterprise (CIPE), to discuss the importance and role of the private sector in the upcoming period, and how to empower it. The Minister of Investment reviewed the amendment of the Investment Law and the approval of new investment incentives. A law was issued to amend some provisions of Investment Law No. Moreover, the establishment of companies operating under the private free zones system has expanded to include more than only industrial activities.

Source: Daily News Egypt October 07, 2024 18:23 UTC