Ashraf Abo Arafe
Justice Minister Mohamed Hossam Abdel Rehim said Egypt upgraded several economic laws to create a more attractive investment climate.
He made the remarks on Monday18/2/2019 during the inauguration of a symposium organized by the World Bank in tandem with the Justice Ministry.
He said updating bankruptcy and restructuring laws was a prerequisite to encourage investments.
The laws were meant to ditch piling economic disputes in courts, he said, noting that the modernized legislation is also encouraging for small entrepreneurs.
Meanwhile, Marina Wes, the World Bank’s Country Director for Egypt, Yemen and Djibouti, said Egypt’s rating has improved in the past period and is expected to continue going up.
She noted that Egypt’s interest in holding a training session for economic court judges will buttress its efforts, highlighting the importance of the bankruptcy and restructuring laws.
