Cairo: Prime Minister Sherif Ismail said on Monday 24/10/2016 that the government has no plans to return to the fixed prices system, saying that turning to cash subsidy is currently being mulled.

 "The State is going ahead with preparing a new investment law with developing mechanisms to facilitate measures for the investors," Ismail said at a meeting with a number of representatives of the business sector.

 The State will provide land plots required for establishing logistics zones in a number of governorates to refresh internal trade, he said.

 The Premier asserted that his meeting with businessmen comes out of keenness to communicate with investors in various fields and discuss ways of boosting investment and achieving economic growth.

 He pointed to the State efforts to lure more local and foreign investments and to provide possible facilities and remove all obstacles facing investors.

Source: SIS