Mohamed el-Homsani, the spokesman for the Egyptian Cabinet stressed that the government attaches utmost importance to attracting investments, especially in the industrial, agricultural and tourism sectors, given their pivotal role in supporting the local economy and promoting sustainable development.
The spokesman explained, in televised statements, Saturday, that the government is making intensive efforts to facilitate the entry of investors into the Egyptian market.
He added that these efforts include holding continuous meetings with investors and working to remove all obstacles; with the aim of creating an attractive and stable investment environment.
El-Homsani referred to the Prime Minister's recent statements regarding the flexible exchange rate policy, explaining that the state adopts a mechanism that ensures relative stability in the exchange rate at a rate of change not exceeding 3 - 4%.
He stressed that the government seeks to benefit from previous experiences and avoid mistakes that occurred in managing the exchange rate in the past, in order to ensure economic stability that contributes to attracting more investments.
(1 USD equals 49.57 Egyptian pounds)
Follow the latest news on Google News
