The Ministry of Investment holds talks with the Ministry of Communications and Information Technology to develop a comprehensive investment plan through information technology (IT), according to a statement of the Ministry of Investment issued on Monday. Minister of Investment and International Cooperation Sahar Nasr and Minister of Communications and Information Technology Yasser Al-Qadi discussed on Sunday the mechanisms for implementing a comprehensive and clear investment map in all governorates of the republic according to the most modern information technology systems. According to the statement, this investment plan aims to put Egypt on the map of international investment by using information technologies that seek to ease investment opportunities for investors. Nasr added that the aim of this map is to develop investment opportunities, including airports, ports, and industrial, investment, and free zones to serve Egyptian, Arab, and foreign investors. Nasr said that they discussed ways to develop the communications system at the Ministry of Investment and International Cooperation. They also discussed collaboration to activate the "investment window" system. The aim of the investment window is to facilitate and simplify procedures necessary for investors to get all the approvals and permits for his investment licenses, according to the statement. Al-Qadi said that his ministry aims to develop the mechanisation of work at the Ministry of Investment and International Cooperation, due to the importance of the role played by the ministry in attracting investment and communication with Egypt's partners in development. In the framework of Nasr's moves since taking over the Ministry of Investment last week following the last cabinet reshuffle, she conducted talks with the head of the Egyptian Financial Supervisory Authority (EFSA), Sherif Samy. The minister stressed the need to expedite the issuance of a number of draft laws that will allow the development of new financial instruments in the capital market, in addition to activating mechanisms of financial leasing. The two sides discussed the agenda proposed by the EFSA, which aims to facilitate the financing of projects and promote financial inclusion. Nasr said that the priority of the ministry is to provide financing instruments for small and medium-sized enterprises (SMEs), as well as to expand in financing both micro and major projects. The two sides also discussed significant amendments in the Capital Market Law and amendments to the executive regulations of the Supervision and Control of Insurance Law.
