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Minister Keshar: Boosts production and investment
The article focused on the decision by the Egyptian Ministry of Industry to amend the regulations governing the disposal of industrial lands and to facilitate procedures for investors. The amendment aims to enhance the industrial investment environment by removing the time constraint for land disposal, allowing investors to prove their seriousness solely through a valid operating license, industrial registration, and payment for the land. It also organizes deadlines for stalled projects and revises the guidelines for changing the activity based on approved feasibility studies. This decision reflects the state's approach to creating a more flexible investment climate, with the goal of increasing local production, strengthening the industrial sector's ability to adapt to economic changes, stimulating investment, boosting exports, and creating new employment opportunities.
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