In a meeting for the General Authority for Investment board of directors, headed by Minister Dalia Khourshid, Mohamed Khodeir, CEO of General Authority for Investment, pointed out that the authority is seeking to solve 80 per cent of investment conflicts this year.
Khourshid stated that the authority is the executive party of the ministry’s plans; it is also responsible for implementing “Egypt 2030” vision in the investment sector in order to reform its managerial system and attract more investments.
The authority is working on unifying work mechanism with all concerned entities in order to provide a solution to the single window problem, according to Khoudir. Over the next period, 70 per cent of online services will be activated to eliminate bureaucracy which many investors suffer from and decrease 80 per cent of long procedures that face investors.
Khoudir announced the establishment of 5 new branches of the authority to provide investment services in 6th of October, Gamasa, Matrouh, New Valley and Aswan, in addition to establishing two free zones in Nuweiba and Minya, and 5 investment projects in Mit Ghamr, Beni Suef and Giza.
