Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    SCZONE showcases investment opportunities to eight Japanese companies    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Ministers of investment, antiquities review establishment of 2 investment zones with Luxor governor
The new Investment Law will provide incentives for investments in Upper Egypt, says Nasr
Mohamed Samir Published in Daily News Egypt on 12 - 08 - 2017

Minister of Investment and International Cooperation Sahar Nasr held a meeting on Saturday with the Minister of Antiquities Khaled Al-Anani and Luxor Governor Mohamed Badr to discuss the establishment of two investment zones in the governorate of Luxor.
Moreover, arrangements to establish an investors service centre in Luxor were reviewed, where the proposed service centre aims to provide assistance to all of southern Upper Egypt area.
Badr introduced the proposed investment plan of the Luxor governorate during the next stage in various fields, as he pointed to the components and capabilities of the Luxor in terms of good infrastructure.
On the other hand, Nasr explained that the ministry will soon announce the investment map, including contained comprehensive investment opportunities in all the provinces as to contribute to attracting investors.
The meeting discussed the investment opportunities within the governorate, as well as the establishment of two investment zones in Luxor, in which the first will be a comprehensive investment area and the second will be allocated to small and medium-sized enterprises (SMEs). In addition to that, there are plans to benefit from the archaeological sites in the governorate to establish new projects in order to attract more tourists.
Furthermore, the Luxor governorate intends to present opportunities to investors to set up a number of new hotels, in addition to the investment in the new tourism walkway, said Badr.
The investment ministry plans to implement a package of measures to pump more foreign direct investments (FDIs) in various fields, especially in Upper Egypt governorates, where the new Investment Law contains a number of incentives to investors when investing in the neediest regions and governorates, according to Nasr.
She pointed out that the ministry was working to improve the investment climate in Egypt, promoting it globally and attracting more investment to the Luxor governorate, which is one of the governorates attractive to investors, as it possesses a good infrastructure and about one-third of the world's artefacts.

Clic here to read the story from its source.