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Shaarawy, Nasr discuss attracting new investments to Egyptian governorates

Shaarawy, Nasr discuss attracting new investments to Egyptian governorates

Cairo:  The Minister of Local Development, Mahmoud Shaarawy, held a meeting with the newly appointed governors in the presence of Minister of Investment and International Cooperation, Sahar Nasr, on Saturday to discuss attracting new investments to the Egyptian governorates.

Nasr encouraged the governors to suggest new projects where the ministry can establish new investment zones, adding that her ministry is keen on promoting for investments in the local destinations and making full use of the available opportunities in the governorates.

She called on the governors to closely follow up the development processes in the different governorates, asserting her keenness to offer more opportunities in the private sector as the engine for the development.

“We aim to develop the neediest areas in the governorates according to the New Investment Law incentives and to encourage the investors to expand in these areas,” Nasr said.

Shaarawy assured the continuous coordination with the Ministry of Investment and International Cooperation to accelerate the implementation of the current projects in the governorates as well as to update the investment map.

President Abdel Fattah Al-Sisi named 16 new governors on 27 November 2019, ahead of an expected ministerial reshuffle. Source: Daily News Egypt

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