The Government of Egypt (GOE) is undertaking a series of versatile amendments towards reforming and improving business and investment climate in Egypt. The government strategy is strongly committed to streamlining investment procedures, dismantling bureaucratic obstacles, and liberalizing business. Towards the realization of its goal, the GOE undertook a series of reforms regarding its policies as well as its institutional frameworks to pave the way for an improved investment climate and a more developed business environment in Egypt.
It is indispensable that attracting more Foreign Direct Investment FDI is becoming a highly developed profession that requires the existence of appropriate and integrated national as well as regional institutions and structures. Furthermore, FDI attraction unquestionably requires a supportive business environment and a community of qualified and professional people with the skills and knowledge to attract FDI flows within the highly competitive international context.
New set of government policies, investment laws, and guarantees have been introduced with the purpose of fortifying and revitalizing the investment environment in Egypt. On one hand, Egypt’s proximity to international markets and the rapidly growing demand for certain industries, locally as well as worldwide, play a vital role in encouraging exports and improving productivity. On the other hand, new investment laws and government regulations have recently eased international trade barriers and allowed for more competition through bringing foreign investment flows into Egypt, as well as increasing competitiveness of Egyptian businesses to meet international standards and compete in the global markets. As a result of international trade agreements, Egypt enjoys a wide range of market access to North America, China, Europe, North Africa and the Middle East, with its central location bridging the three continents, Europe, Asia, and Africa.
As part of the coherent and comprehensive framework set off by the new ministry of Investment, a number of exceptional incentives are being granted to companies in particular for their purchases of stakes in public sector enterprises, and their endeavor for administrative restructuring and financial modernization.