Egypt explores further cooperation with World Bank

Egypt’s Investment Minister Ashraf Salman has met with the World Bank Group’s Senior Director of Trade and Competitive Global Practice, Anabel Gonzalez and her delegation currently visiting Cairo to explore the possibility of further cooperation.

According to an official statement from the government of Egypt on Saturday, the meeting discussed current efforts to leverage competitiveness and attract more investments to the country which is still dealing with the economic aftermath of the political uncertainties that followed the 2011 uprising.

It also touched on the new proposal of a one-stop single window system for investors, as well as developing work at the General Authority for Investment and Free Zones (GAFI).

Salman said he was developing an online portal which would be a one-stop single window system where investors could log on to seek all required clearances in a bid to end bureaucratic red-tape, improve investment climate and imbue investors with confidence.