President Morsi Tasks Minister of Investment to Develop Plan to Smooth Investor Difficulties

Egyptian President Mohamed Morsi met, at Itehadia Presidential Palace in Cairo, Investment Minister Yahya Hamid, and underlined the importance of developing a comprehensive investment map showing how to boost investment in Egypt, including a study to clarify mechanisms for the implementation of this plan within a specific time frame.

The President also stressed the importance of the vital role played by the private sector as one of the main pillars in the development process in Egypt, and the need to provide the appropriate environment for the launch of economic development plans, as a comprehensive solution, which requires a genuine partnership between the public and private sectors.

President Morsi further commissioned the Investment Minister to resolve the problems facing Egyptian and Arab investors, and work to remove all obstacles that prevent the resumption of their trade and investment activities in Egypt.

Morsi also discussed with the Minister of Investment the priorities of the Ministry’s work in the coming months, and the most important operational steps to be undertaken to achieve these priorities.