Minister of Investment and International Cooperation Sahar Nasr held a meeting with the World Bank’s mission headed by the director of the Middle East and North Africa region. The meeting is to see the discussion of the technical cooperation between the two sides in the development and improvement of the investment climate and business environment in Egypt, at the headquarters of the ministry in Salah Salem street.
During the meeting, Nasr revealed the updates related to the operational activities of providing a simplified environment for investment projects through the ministry’s booth and administered by the World Bank. The project targets to improve the investment climate by facilitating procedures related to licenses and all transactions that follow the foundation needed by investors in dealing with the investment services complex affiliated to the ministry.
Nasr pointed out to Egypt’s interest in developing a system to facilitate investment procedures in the current phase and in taking advantage of the best international experiences of countries that succeeded in attracting foreign direct investment through managing the investment services efficiently and effectively.
The World Bank mission expressed its readiness to cooperate with the Ministry of Investment and International Cooperation during the coming phase to provide all the financial and technical resources to help Egypt achieve the goals and aspirations. This is to improve Egypt’s investment climate and business environment and to lift the growth rate and sustainable development.
Nasr stressed on the necessity of the procedures for the implementation of the cooperation between the ministry and the World Bank, so that the Egyptian people and the business community will touch the results and the positive impact of the efforts in this regard.