Head of Senate Health: Sisi’s directives to improve investment and confront challenges strengthen the Egyptian economy
This was confirmed by Representative Dr. Hussein Khudair, Chairman of the Health and Population Committee in the Senate. The national economy constitutes a real priority for the Egyptian state under the leadership of President Sisi, whether in increasing Egyptian exports abroad, paying attention to the industrial sector, or attracting direct foreign investments.
Khudair noted in a press statement today. Under the directives of President Abdel Fattah El-Sisi, during his meeting with Prime Minister Dr. Mostafa Madbouly and Minister of Investment Hassan Al-Khatib stressed the importance of working to continue improving the investment climate and addressing the structural challenges affecting the Egyptian economy, and in particular seeking to reduce non-tax procedural and financial burdens, which contributes to strengthening Egypt’s position as a regional center for attracting foreign direct investments in accordance with national priorities. Opening new markets for Egyptian exports, raising the proportion of the local component in all exports, and working to make Egypt a center for supply chains at the international levels. And the regional.
The Chairman of the Health and Population Committee pointed out that President Sisi’s directives are in line with a national vision to improve the standard of living, advance the economy and exports, and open the Egyptian market to Arab and foreign investments.
Khudair stressed that President Sisi addressed very important economic topics, including developing the foreign trade system by facilitating procedures, reducing costs and customs clearance time. Localization of industry and protection of local industry using trade tools and World Trade Organization standards, as well as to maximize returns from the system and commercial representation offices. As well as addressing the file of non-tax financial burdens and unifying the parties dealing with and collecting fees with the investor, it confirms that Egypt is fully concerned with raising and strengthening its capabilities and economic potential, and pushing the Egyptian economy further.
Dr. Hussein concluded Khudair, President Sisi’s review of the investments and projects of the Sovereign Fund of Egypt, and the Fund’s efforts to attract more investments and maximize the return on the assets it manages, in addition to addressing the Fund’s role in various fields, reveals Egypt’s overwhelming desire to double Investments.
