The Supreme Council for Investment, Chaired by President Abdel-Fattah El-Sisi, a series of decisions during its first meeting following the council’s restructuring. During the meeting, the council approved 22 decisions to give a powerful impetus to various economic sectors to foster both local and foreign private investments in Egypt.
These decisions include reducing the cost of company formation, facilitating the relevant procedures and land ownership, as well as expanding the Golden License issuance.
They also aim to enhance governance and transparency and alleviate financial and tax burdens on investors. The transportation and housing sectors will also take advantage of these decisions, especially in the new cities.
The president instructed the government to implement the approved decisions as soon as possible according to a specific timetable, the presidency added. The Supreme Council for Investment was established in 2016 and was later restructured in 2023.
