Minister of Planning and Economic Development Hala el Saeed said on Monday9/1/2023 the State is keen to diversify promising investment opportunities for local and foreign investors.
Saeed made the remarks during her participation in a meeting of the joint committee comprising of the Senate’s committees of financial, economic and investment affairs, constitutional and legislative affairs, industry and trade, as well as energy, environment and manpower.
The meeting touched on efforts to stimulate investment in Egypt.
The planning minister said there are unprecedented economic and geopolitical changes and challenges that have affected most indicators for global economy, foremost of which is the decline seen in global growth from 6% in 2021 to 3.2% in 2022.
She added that the State has implemented several legislative and institutional reforms via issuing a set of laws and legislation that aim to simplify procedures for establishing projects as well as to stimulate the private sector, and domestic and foreign investments.