Egypt's investment minister promises legal reforms to support investors

Egyptian Minister of Investment and International Cooperation Sahar Nasr promised at a meeting by the American Chamber of Commerce in Egypt on Tuesday legal reforms that would support investors and minimise obstacles they currently face.
Nasr said that new legislation should include incentives for investors in certain fields, particularly those that create more job opportunities, increase exports or offer products that Egypt currently imports.

During the Tuesday meeting, president of the American Chamber of Commerce in Egypt Anis Aclimandos expressed optimism over increasing US investments to Egypt.

Aclimandos said that the planned visit by Egyptian President Abdel-Fattah El-Sisi to the US in April to meet US President Donald Trump will improve relations between the two countries, especially in the political and economic fields.

According to Aclimandos, El-Sisi will be accompanied by representatives from the American Chamber of Commerce in Egypt and the US-Egypt Business Council. The representatives will be meeting with US businessmen to explain Egypt’s economic reform plans.