PM reviews efforts to strengthen investment climate in Sinai

Prime Minister Mostafa Madbouly convened a meeting to assess and enhance the investment climate in Egypt's Sinai Peninsula. He emphasized the critical need to attract diverse investments to foster development, create employment opportunities, and maximize the region's economic potential.

During the meeting with senior officials, a series of measures designed to encourage investment were presented. These include offering incentives to investors, conducting regular reviews of challenges faced by companies operating in Sinai, and implementing legislative updates to support business activities. The government is actively working to create a more favorable environment for businesses in the region.

Progress in simplifying investment procedures was also highlighted, notably the establishment of an Investor Services Center in South Sinai. This center will house representatives from relevant government agencies, providing streamlined licensing and approval services directly to investors. Furthermore, coordination between the General Authority for Investment and Free Zones and the National Authority for the Development of the Sinai Peninsula has been strengthened to expedite investment application processing and reduce approval times.