Mohsen Adel: We aim to increase investments and raise the productive capacity of companies

Economy and stock exchange

Mohsen Adel, Chief Executive Officer of the General Authority for Investment, said that the articles proposed to be amended by the Investment Law by the Egyptian government were approved by the Economic Committee in the House of Representatives and are expected to be presented to the General Committee.

Adel said during a telephone call to the "Manchet" program broadcast on satellite ON E Rania Hashim said that the proposed amendments aim at easing the burdens on companies, and there is an article that is discussed during the second session today, and is related to the idea of ​​granting investment expansions for projects, and increase investment incentives for newly established companies and aims to encourage companies to increase the area of ​​pumping investments related to them during And the reinvestment of profits in the form of investment expansions, and this achieves four goals in one fell swoop, the first is to increase the existing investments within the state, as well as reduce the area of ​​expansion of profits that are transferred abroad during the coming period, Increase the productivity of companies, and increase the volume of products on the market.

The Executive Chairman of the General Authority for Investment, the House of Representatives witnessed a wide debate on the amendments to the investment law, and is expected to continue the debate for another future meeting will be identified within a few hours, to resolve the final version, in preparation for presentation to the plenary session during the coming sessions, Targeted since its issuance in 2017, encouraging companies to establish new companies in Egypt, and in the current period aims to expand the existing companies in their investments within the markets, to improve the level of investment performance in the coming period.

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