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GAFI: New investment law offers gold license

GAFI: New investment law offers gold license
Mohamed Khodear, General Authority for Investment CEO

By: Mahmoud Salah El-Din

Cairo - Mubasher: The CEO of the Egyptian General Authority for Investment (GAFI), Mohamed Khodear, said that the new investment law offers a golden license for investors to take part in the national developmental and strategic projects.

Khodear added in a press conference on Wednesday that the license will be a single certificate that facilitates all procedures.

The law alone on itself cannot reform the investment sector, it is a part of a comprehensive legislative reform plan that represent the ministry’s plan in accordance to the 2030 vision.

Khodear also pointed to the amendment of liquidation and bankruptcy laws, adding that the investment and finance ministries will reach a decision regarding special free zones within 24 hours.