In a recent announcement, Egyptian Prime Minister Dr. Mustafa Madbouly disclosed the establishment of a committee comprising both legal and technical experts. The committee is tasked with scrutinizing investment proposals for substantial projects anticipated to yield significant foreign exchange inflows, as outlined by the Egyptian Cabinet.
Dr. Madbouly further highlighted the involvement of an international law firm to oversee the finalization of agreements and contracts for these projects, given their intricate financial, legal, and technical intricacies.
He indicated that comprehensive details would be disclosed shortly following the conclusion of negotiations with investors. Stressing the importance of these major investment projects, Dr. Madbouly emphasized their role in achieving the state’s development objectives, generating employment opportunities on a large scale, involving Egyptian companies, and revitalizing the industrial sector for the benefit of the nation.
He clarified that the responsibility for announcing the specifics of these significant investment projects lies solely with the cabinet upon their finalization.
