The Prime Minister holds a meeting to discuss the draft law establishing financial and business zones in Egypt
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. Finance Minister for Tax Policies, Engineer Khaled Abbas, Chairman of the Board of Directors of the Administrative Capital Company for Urban Development, 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 Policies. And tax development, and officials of the ministries and concerned authorities. Given the importance of these regions as an attraction for international companies to establish projects and headquarters, and engage in financial and economic activities, which contributes to pumping more direct foreign investments.
He stated Counselor Mohamed Al-Homsani, the official spokesman for the Presidency of the Council of Ministers, said that the meeting dealt with reviewing the proposed draft law for financial and business districts in Egypt, and discussing a number of aspects, noting that the financial and business districts that will be located in the New Administrative Capital and several other cities will represent major focal points for institutions. Major financial institutions, in addition to large business companies, aim to engage in economic and financial activities, as 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.
