Egypt’s cabinet approves law setting up one-stop investment shop

Egypt’s cabinet has given its approval for a long-awaited draft law aimed at creating a more efficient and welcoming environment for foreign investors in the country.  The government hopes that the move will minimize foreign business concerns before an investment conference later this month at which Egypt hopes to secure $12 billion in investment from domestic and international investors.  The bill aims to reduce bureaucracy and make deals less vulnerable to legal disputes and changes in government. The draft bill will now be sent to Egypt’s President, who is expected to ratify it.

Read more at Reuters…

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