Investment Minister chats with Amr Adib
Our daily roundup of Last Night’s talk shows is back tomorrow, but we do have some highlights from Investment and International Cooperation Minister Sahar Nasr’s sit-down with Kol Youm’s Amr Adib.
The World Bank’s upcoming Doing Business Report will list Egypt as one of the countries with the most-improved investment climate, thanks to the government’s reform programs and the recently enacted Investment Act, according to Nasr (watch, runtime 7:20).
The Investment Act slashes the time it takes for an investor to set up a company to 24 hours and cuts the red tape that business figures previously said was the biggest hurdle for investments, Nasr said (watch, runtime 1:40). The ministry has already set up a “one-window” investor services center with representation from various ministries and government bodies to allow investors to register their companies are receive the necessary licensing from one place (watch, runtime 4:36).
Arabs eye new capital and Alamein, Asian investors prefer Suez Canal? Nasr also said that Arab business figures participating in the Future Investment Initiative held in KSA last week showed significant appetite for investments in the new administrative capital and New Alamein City, while the Suez Canal Economic Zone was a more attractive destination to Asian investors (watch, runtime 5:29).