Finance Minister Ahmed Galal said in a press statement on Tuesday that the government will announce a package for new economic reform soon.
“The packages aim to inject new investments in the local market in order to restore high rates of financial growth and stability,” he said.
Galal added that international companies have announced plans to increase investments in Egypt as soon as the situation stabilizes and the transition period ends.
“This is taking place now that the new constitution has been adopted,” he said. “We need Arab, Egyptian and foreign investment rates to match the levels before the 2008 global financial crisis and we have many investment opportunities to offer.”
An unidentified government source said that the package include incentives, tax and custom reductions, amendments to legislation related to real estate financing and tourism promotion.
Edited translation from Al-Masry Al-Youm
