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| A general view of the Nile River and the Cairo skyline is seen from the Cairo Tower in Cairo Tower in the Zamalek district Tuesday, Aug. 27, 2013. (AP Photo/Manu Brabo) |
The government claims that the map will provide complete data of all lands utilized for industrial production, and identify areas rich with minerals and natural resources as well as proposed industrial zones for investment.
The Minister of Trade and Industry of Egypt, Mounir Fakhri Abdel Nour, said during a meeting with journalists on Tuesday that the new map is designed to encourage investment and to make the most of important investment opportunities.
He added that it facilitates new investments since it includes the data that usually takes up 50 per cent of the time required for making an investment decision to process. This includes information on regulations, laws, and procedures for both the state and investors in order to begin the implementation process as soon as possible."
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