CAIRO - 16 July 2019: Egypt's Minister of Investment and Cooperation Sahar Nasr launched on Monday the second phase of Egypt’s investment plan.
The second phase of Egypt’s investment plan offers 2,000 investment opportunities on top of the 1,000 opportunities offered in the first phase, Nasr said
The investment opportunities offered are in areas including industrial and technology zones and in mega-projects such as the economic zone of the Suez Canal, the New Administrative Capital, Galala city, New El-Alamein city, the Million-and-a-half Acres Project and the Grand Egyptian Museum, according to AlAhram online
“The investor can have access to detailed information about investor services centres and the available facilities near every area were investment opportunities are available. Also available is information about salary averages, the unemployment rate and the population in every governorate with one or more investment opportunities,” Nasr illustrated.
The new phase of the investment plan introduces an inclusive, updated vision for the investor about the investment environment, as its data are updated daily, Nasr added.
Nasr also said that the plan includes the opportunity to establish SMEs and large projects alike, in addition to investment opportunities in national projects.
For the antiquities sector, Minister of Antiquities Khaled El-Anani revealed that for the first time the private sector is being contracted to manage services at archaeological zones, such as the pyramids and the Grand Egyptian Museum, among others.
Meanwhile, Minister of Communication and Information Technology Amr Talaat said that Egypt has significant investment opportunities in establishing and managing technological cities.
Malek Fawaz, consultant for investment promotion at the investment ministry, said that the second phase offers the option to create an online account for those searching for investment opportunities, to create a list of desired opportunities, send the opportunities to other investors, and introduce suggestions for improving an investment plan.