In an effort to encourage investments in Egypt and tear down bureaucratic red tape, Investment Minister Ashraf Salman said the Unified Investment Law would be issued by the end of February.
Salman said during a press conference on Sunday: "We have prepared the unified investment law, and it will be released later this month."
The law will reduce the procedures and amend legislations up to 62 laws, in addition to 64 thousand a ministerial decisions, along with reducing 87 parties concerned with the issuance of licenses to 20 parties only.
Edited translation from Al-Masry Al-Youm
