New Supreme Council for Investment Aims to Boost Economic Growth

Egyptian President Abdel-Fattah El-Sisi has established a new Supreme Council for Investment in an effort to boost the country's economic growth. According to decree No. 141 of 2023, the council will be presided over by the President himself, and membership includes various ministers and government officials.

The council is required to meet at least once every three months and is responsible for making important investment decisions in the country. The decisions of the council are binding for all state institutions, and necessary measures must be taken to implement them.

This new council replaces the Investment Council established in 2016 and has a larger membership, including the chairman of the General Authority for the Economic Zone of the Suez Canal and the executive director of the Egyptian Sovereign Fund for Investment and Development. It is part of the government's ongoing reform program aimed at boosting investment and economic growth in Egypt.