“Saleh Al-Tayar: The Formation of the Supreme Investment Council is an Important Step to Eliminate Any Obstacles”
This article was translated using artificial intelligence and the original language of the article is Arabic.
Dr. Saleh Bakr Al-Tayar, President of the Euro-Arab Studies Center in Paris and former Secretary-General of the French-Arab Chamber of Commerce, welcomed President Abdel Fattah El-Sisi’s decision to re-form the Supreme Investment Council, stressing that it is a very important step and came at the right time, as it will contribute to eliminating the obstacles facing investment operations, foremost of which is bureaucracy in the various relevant agencies and ministries, in addition to the fact that it will have a major role in coordinating policies between these different bodies and preventing conflicts in their work, which serves the investment and economic climate in general.
The Director of the Euro-Arab Studies Center and former Secretary-General of the French-Arab Chamber of Commerce, added in press statements, that this decision confirms President Sisi’s keenness to attract foreign investment and make Egypt the world’s destination for investment.
Al-Tayar pointed out that the formation of the Supreme Investment Council will ensure the rapid achievement of the required economic reform plans in light of the successive political and economic turmoil that the world is witnessing, which has greatly affected the comprehensive economic development plan in Egypt, like the rest of the world, and the presence of this authority represented in the Supreme Investment Council under the direct leadership of President Abdel Fattah El-Sisi, which includes in its membership all relevant parties, and therefore the Council’s decisions will be quick, well-studied and effective, and binding on all parties to implement them, which will contribute to attracting more foreign investments, and evidence that the Egyptian state is serious in solving the problems of investors and overcoming the obstacles they face strongly and firmly, as it aims to expand the volume of participation between the public and private sectors, and a clear and direct message to foreign investors, that the state is determined to change the investment climate and provide opportunities for all.
