Egypt

Egypt

Establishes Supreme Council for Investments

11 Apr 2023

On 11 April 2023, the Government of Egypt published Decree No. 141, which was issued by the President to establish the Supreme Council For Investment. The Council, presided by the President of the Republic, replaces the Investment Council that was established by a presidential decree in July 2016. The new Council has more members, including the chairman of the General Authority for the Economic Zone of the Suez Canal and the executive director of the Egyptian Sovereign Fund for Investment and Development. This move is part of the ongoing reform program adopted by the Egyptian government to boost investments and economic growth in the country.