CAIRO, July 31, 2018 (MENA) -- The government wants to improve the business climate so as to attract private sector investments and achieve targeted growth rates, according to the new chief executive officer of the General Authority for Investment and Free Zones (GAFI), Mohsen Adel. He said there had recently been structural transformations at the economic level during which the Ministry of Investment and International Cooperation had made several legislative amendments and created a strong infrastructure for investment in the country. Minister of Investment and International Cooperation Sahar Nasr said that choosing Adel to be the chief executive officer of GAFI for a year came within the context of pushing forward young leaders in various sectors affiliated to the Ministry, including GAFI. She said that the decision was parallel to one taken by the Prime Minister to re-establish the board of the authority and implement the government's economic reform programme. It was also in keeping with Prime Minister Moustafa Madbouli's instructions to push forward performance rates in various sectors. Nasr also said that the GAFI board would work on carrying out its plan to promote all opportunities that are included on Egypt's investment map in cooperation with the Ministry of Investment and International Cooperation and the other ministries.
