CAIRO - 17 September 2022: The Senate's Committee on Arab, Foreign and African Affairs, headed by Dr. Effat El-Sadat, recommended that the government's plan for economic and social development include a role for Egyptian foreign missions in attracting investments or facilitating trade exchange operations.
The parliamentary committee stressed the importance of determining financial allocations to support the role of foreign missions in the field of attracting investment and facilitating the entry of Egyptian exports abroad.
This comes within a package of important recommendations made by the Senate Committee of Arab, Foreign and African Affairs, and submitted to the government, regarding foreign direct investments to Egypt at the level of the countries of the Middle East and Africa, in light of its study of what was mentioned in the document of the economic and social development plan for the new fiscal year 2022/2023, presented From the Minister of Planning, Dr. Hala Al-Saeed, and approved by the Parliament.
It is noteworthy that Law No. 2 of 2021 issuing the internal regulations of the Senate defines in detail the competencies of the Committee on Foreign, Arab and African Affairs, foremost of which is what the President of the Republic refers to as issues related to the state’s general policy in Arab, African and foreign affairs, peace treaties, alliance and all treaties related to the rights of sovereignty and others.
This comes in addition to its jurisdiction over the legislation regulating the diplomatic and consular corps, the affairs of Egyptians residing abroad, and other issues within the jurisdiction of ministries and agencies concerned with foreign affairs, immigration affairs and Egyptians abroad.