11 Functions of the Supreme Investment Council

The Investment Law specified a number of important competencies for the Supreme Investment Council, which is chaired by the President of the Republic.

Functions of the Supreme Investment Council:

1. Take all necessary measures to create a better climate for investment and provide guidance for what is required.

2. Laying down the general framework for legislative and administrative reform of the investment environment.

3. The policy decision and the investment plan that determines the priorities of the targeted investment projects in accordance with the general policy of the state, the economic and social development plan, and the applicable investment systems.

4. Follow up the implementation of the state agencies implementation of plans and programs related to investment, the development of work in major economic projects, and the status of partnership projects with the private sector.

5. Following up on updating the investment map and implementing it at the level of specialized sectors and different geographical regions within the framework of the state's economic development plan.

6. Review the investment opportunities available in each sector and discuss the axes of problems related to them.

7. Following up on the development of Egypt's classification and ranking in international investment reports and indicators.

8. Follow-up mechanisms for settling investment disputes and the position of state arbitration cases.

9. Studying and developing solutions to investment obstacles and removing obstacles to implementing the provisions of this law.

10. Activating the joint responsibility of all ministries, public agencies and government agencies concerned with investment and achieving harmony in their performance.

11. Resolving disputes and entanglements that may arise between state agencies in the field of investment. The formation of these agencies and their working system shall be issued by a decree from the President of the Republic.