BRICS Summit | Sisi: Egypt to Simplify Foreign Investment Procedures
Release time:
2017-09-11 00:00
Sisi said that we have also held a lot of bilateral talks and meetings during the BRICS meeting, and these meetings and talks have achieved very fruitful success, which is conducive to promoting cooperation between Egypt and BRICS countries, including developing countries, in order to achieve our mutual benefit and win-win results.
Sisi believes that with the overall slow operation of the world economy, we need to establish more mechanisms to stimulate the development of local economies and regions, as well as the world economy, and jointly face the difficulties faced by developing countries, including developed countries. And challenges. Through the BRICS meeting, we have an opportunity to learn from the successful experiences of various countries, such as the successful economic reforms and investment stimulus methods and successful experiences of Brazil, China and other BRICS countries. At the same time, I learned from India how to promote the development of high-tech industries.
In terms of simplifying foreign investment procedures and optimizing the investment environment, Sisi introduced that Egypt passed a new Investment Law not long ago to create a better investment environment for local and foreign investors, simplify investment procedures, and in Sharm Many investment free trade zones have been established in Sheikh and other places. I believe these economic zones will also provide impetus for the recovery and sustainable development of the Egyptian economy. At the same time, we also look forward to more foreign investors investing in Egypt to provide support and successful experience for infrastructure projects.
"Egypt has been committed to improving the reform of the financial system in recent years, especially through cooperation with the BRICS countries to keep Egypt's exchange rate stable and further improve the foreign exchange system and system." Sethi said.
Sisi revealed that Egypt has a number of very important national-level strategic projects at this stage, and more motivation is needed to promote these projects. "Egypt has issued a series of new laws and regulations on industry and investment, which are used in parallel with the previous laws. The purpose is to encourage or promote more experience, funds or successful models to enter Egypt and promote the development of the country's economy. We are also willing to Provide a more friendly environment for foreign industrial and commercial entrepreneurs. Welcome to Egypt." Sethi said.
(Reporter: Pei Yu)
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