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Ministers of investment, antiquities review establishment of 2 investment zones with Luxor governor  - Daily News Egypt

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Ministers of investment, antiquities review establishment of 2 investment zones with Luxor governor 

The new Investment Law will provide incentives for investments in Upper Egypt, says Nasr

Minister of Investment and International Cooperation Sahar Nasr held a meeting on Saturday with the Minister of Antiquities Khaled Al-Anani and Luxor Governor Mohamed Badr to discuss the establishment of two investment zones in the governorate of Luxor.

Moreover, arrangements to establish an investors service centre in Luxor were reviewed, where the proposed service centre aims to provide assistance to all of southern Upper Egypt area.

Badr introduced the proposed investment plan of the Luxor governorate during the next stage in various fields, as he pointed to the components and capabilities of the Luxor in terms of good infrastructure.

On the other hand, Nasr explained that the ministry will soon announce the investment map, including contained comprehensive investment opportunities in all the provinces as to contribute to attracting investors.

The meeting discussed the investment opportunities within the governorate, as well as the establishment of two investment zones in Luxor, in which the first will be a comprehensive investment area and the second will be allocated to small and medium-sized enterprises (SMEs). In addition to that, there are plans to benefit from the archaeological sites in the governorate to establish new projects in order to attract more tourists.

Furthermore, the Luxor governorate intends to present opportunities to investors to set up a number of new hotels, in addition to the investment in the new tourism walkway, said Badr.

The investment ministry plans to implement a package of measures to pump more foreign direct investments (FDIs) in various fields, especially in Upper Egypt governorates, where the new Investment Law contains a number of incentives to investors when investing in the neediest regions and governorates, according to Nasr.

She pointed out that the ministry was working to improve the investment climate in Egypt, promoting it globally and attracting more investment to the Luxor governorate, which is one of the governorates attractive to investors, as it possesses a good infrastructure and about one-third of the world’s artefacts.

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