Madbouly follows up on investment promotion efforts, allocates lands to investors

Daily News Egypt
2 Min Read

Prime Minister Mostafa Madbouly held a meeting on Sunday to follow up on efforts made to overcome investment obstacles with regard to allocating lands to investors.

The PM began the meeting by emphasising the provision of various facilities with regard to procedures for investors to obtain lands to establish industrial, service, and logistical business. This contributes to achieving the desired development in various sectors.

Madbouly stressed the role of the General Authority for Investment and Free Zones (GAFI) in assisting mandate-holders in promoting and marketing various lands and projects owned by it, as it is a platform for promoting various projects.

He also directed continuing communication with investors wishing to obtain plots of land to establish or expand businesses targeted by the government in the current period as well as working quickly to respond to any requests submitted by investors.

Furthermore, he instructed students to study the financial and technical solvency of investors applying for land to ensure the development of projects.

Moreover, he called for the formation of a working group specialised in solving investors’ problems and coordinating on various obstacles and complaints.

Additionally, Madbouly stressed the need for the working group to meet periodically to discuss its agenda and to have a specific period for resolving any problem presented to it, with the results of its work being presented to him on a regular basis.

For her part, Minister of Trade and Industry Nevine Gamea stated that there is a committee that includes in its membership officials of relevant authorities that aims to work on the speedy allocation of industrial lands.

Gamea noted that this committee expedited the allocation of about 38 plots of land in the past period.


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