Parliamentary: Presidential assignments to improve the investment climate is a decisive step to attract $ 100 billion until 2030

Dr. Jamal Aboul Fotouh, a member of the Senate, stressed that the recent presidential mandates issued regarding improving the investment environment in Egypt represented a decisive step towards enhancing the attractiveness of the national economy and attracting more local and foreign investments, especially since the government is looking to attract 60 billion dollars from foreign direct investments, other than the state’s plan that aims to attract $ 100 billion in foreign direct investments during 6 years during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period during the period (2024-2030).

& nbsp; Deep from the political leadership of the importance of creating a stimulating investment climate, by overcoming obstacles to investors, simplifying procedures and providing a clear and clear legislative environment, which is a major axis for achieving sustainable economic growth and providing job opportunities in light of the current economic challenges. Improving the efficiency of work in customs outlets, by continuing the reform measures adopted by the state, regarding the reduction of burdens on investors, and facilitating licensing procedures through a unified platform that provides their electronic licensing service, pointing out that reducing customs time is not just a procedural facilitation, but rather is a stimulating factor for economic growth, and enhances Egypt’s attractiveness as an investment destination, and contributes to improving business efficiency in general, especially The Egyptian government aims to reduce the time of customs release to two days.

& nbsp; Payed by economic reforms and foreign investments, noting that the International Monetary Fund expects Egypt’s GDP growth by 3.8% this year, expecting also the average inflation rate to 19.7%.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and