Amending investment laws, offering incentives and tax breaks are not the keys to attracting investments, says Ziad Bahaa El Din

A return to incentives and tax breaks in the new investment laws could add to the country’s burdens, Ziad Bahaa El Din says in a column penned for Al Shorouk. While Bahaa El Din acknowledges that the new laws are an attempt to rectify previous missteps that resulted in lost opportunities to attract investments, he maintains that returning to the policy of offering incentives and tax breaks will open the door to graft. We’d like to congratulate Bahaa El Din for building up the op-ed so much only to demolish it so masterfully with his faulty logic.