Investment ministry, CAPMAS sign protocol to facilitate investment

CAIRO - 24 May 2018: Minister of Investment and International Cooperation Sahar Nasr and head of the Central Agency for Public Mobilization and Statistics (CAPMAS) Khairat Barakat have signed a protocol to facilitate investment procedures and overcome obstacles hindering the investment process.

In a statement Thursday, the ministry said the protocol signed with CAPMAS comes upon the directives of President Abdel Fattah El Sisi to simplify investment procedures and follow up conditions of startups to improve investment process for local and foreign investors with the aim of improving the living conditions of citizens and curb the unemployment rate.

The statement added a work team of the ministry will work on conducting a survey on the problems and challenges the startups are facing.

For his part, Barakat said a team of CAPMAS will also conduct a survey on 18,700 companies founded between January to December 2017.