The Egyptian General Authority for Investment and Free Zones has recently initiated a plan to attract more Arab funds, currently invested in United States and Europe. Some sources estimate the value of Arab funds in the United States and Europe at $800 billion, reported Al-Sharq Al-Awsat.
The Authority’s head, Muhammad Ghamrawy added that Egypt’s investment laws do not differentiate between Egyptian, Arab and foreign investors in terms of the incentives offered, making Egypt the most appropriate state to draw in investments. — (menareport.com)
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