Delays in issuing Investment Act’s exec regs is slowing down investments

The delay in issuing the executive regulations for the Investment Act is putting investment on hold, EK Holding Chairman Moataz Al Alfi says in a letter published by Al Ahram’s Salah Montaser. El Alfi pins the blame on Prime Minister Sherif Ismail, who he says put the regs on the back burner after receiving them from the Investment Ministry. Al Alfi says Ismail should recognize the urgency in the matter, especially since the government is working hard to attract investors.