By Evan Abrams
The Egyptian
Investment Ministry is working a new law designed to streamline the investment
process and create a one-stop shop for obtaining licenses and permits. Daily
News Egypt reports that the law will be submitted for review to 60
international and domestic organizations, including the International Finance
Corporation. The law is still subject to continuing negotiations within the
Egyptian government, particularly regarding the appropriate level of investment
incentives to provide. The law has received a positive reception from investor
groups who have long been concerned about Egypt’s burdensome business laws.
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