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Will new law attract more foreign investment to Egypt?

Experts say drafting a new investment law is not enough to lure foreign investors back to Egypt — the entire business climate will need to change.
Egypt's Investment Minister Ashraf Salman talks to the media during the Euromoney Conference in Cairo, Egypt September 7, 2015. Egypt will return to the international bond market in the first half of 2016, the country's Finance Minister Hany Kadry Dimian said on Monday, taking advantage of its return to economic and political stability in the wake of the Arab Spring uprising of 2011. REUTERS/Mohamed Abd El Ghany - RTX1RG5Q

Egypt has finally come out with the much-anticipated new investment law, raising debate among economists about whether the amendments introduced to the law would lure more foreign direct investment (FDI) to the country.

The new draft law, released by the Ministry of Investment at the end of December 2016, included a number of incentives that decision-makers hope will help draw in more investments and create an attractive business climate.

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