Today, Dr. Mostafa Madbouly, Prime Minister, held a meeting to discuss the draft law establishing financial and business zones in Egypt, in the presence of Engineer Sherif El-Sherbiny, Minister of Housing, Utilities and Urban Communities, Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, and Sherif El-Kilani, Deputy Minister of Finance for Tax Policies. Engineer Khaled Abbas, Chairman of the Board of Directors of the Administrative Capital for Urban Development Company, Counselor Mohamed Shaaban, Deputy Governor of the Central Bank for Legal Affairs, economic expert Engineer Karim Awad, and Rami Youssef, Assistant Minister of Finance for Policy and Development. Tax, officials of ministries and concerned authorities.
The Prime Minister stressed that this meeting comes to discuss aspects related to preparing the law establishing financial and business zones in Egypt, in preparation for developing a final vision for it, given the importance of these zones as an element of attraction for international companies to establish projects and headquarters, and engage in financial and economic activities, which contributes to pumping more… Foreign direct investments.
Counselor Mohamed Al-Homsani, the official spokesman for the Presidency of the Council of Ministers, stated that the meeting dealt with reviewing the proposed draft of the financial and business zones law in Egypt, and discussing a number of aspects, noting that the financial and business zones that will be located in the New Administrative Capital and several other cities will represent major focal points. For major financial institutions, in addition to large business companies, with the aim of practicing economic and financial activities, they will play an active role in stimulating economic growth resulting from the flow of foreign and local investments, which will help advance the various economic sectors and provide direct and indirect job opportunities.
