The Egyptian government is working on a new law to establish and regulate financial and business districts in Egypt, a move aimed at attracting more foreign investment and boosting the economy. Egyptian Prime Minister Moustafa Madbouly led a meeting with key government officials including Central Bank of Egypt (CBE) Hassan Abdalla, Minister of Housing Sherif Sherbiny, and Minister of Investment Hassan El-Khatib, on Tuesday. The meeting focused on creating a legal framework that would attract more foreign investment and boost the economy. The proposed law aims to establish specialised zones where financial and commercial activities can thrive. These districts would offer a supportive environment for companies and financial institutions to manage funds, investments, and global trade. The government hopes that the new law would help Egypt compete on a global scale by creating world-class financial centres. The new law will also provide incentives for businesses and investors, while also ensuring a stable and predictable legal environment. Attribution: The Egyptian Cabinet
