Nasr: investment law amendments encourage local, foreign companies to expand

Investment Minister Sahar Nasr lauded the cabinet’s approval of amendments to some provisions of the investment law as encouraging for local and foreign companies to expand their business in the Egyptian market.

Under the amendments, companies can increase their capital without obstacles, a step that they used to avoid previously due to high fees, she said, noting that the amendments set 10,000 pounds as the maximum fees for changing an expanding company’s system.

She said the amendments will encourage local and foreign investors in various domains, adding that this will boost production and create more jobs.

Source: State Information Service Egypt