Sisi: Egypt to eliminate obstacles to investment within 1-2 months

Sisi: Egypt to eliminate obstacles to investment within 1-2 months

President Abdel-Fattah El-Sisi stressed the state's interest in eliminating impediments to industrial development, affirming that obstacles to investment will be removed within a month or two.

 

El-Sisi’s remarks came while he was inaugurating a number of national projects affiliated to the General Authority for Investment and Free Zones (GAFI) in a ceremony that was attended by Prime Minister Mostafa Madbouli and a number of ministers and senior officials.

 

The president also highlighted the state's seriousness in addressing problems that impede investment, pointing out that each implemented project represents additional income not only for the company executing the project, but also for every citizen who works in it.

 

President El-Sisi emphasized the role of research and development centers, whether in universities or elsewhere, in order to find solutions to problems that need development.

 

“If coordination is established between research centers and industry, we will be able to solve the existing problems in Egypt, and the next period will witness an expansion in [constructing] factories and many projects for business and industry,” El-Sisi said.

 

Moreover, he expressed the government's readiness to encourage businessmen to expand the number of vocational schools to provide skilled and trained workers with real job opportunities.

 

Source: Al-Ahram Online

 

 

Back to top