Sisi-led investment council approves 17 measures aimed at boosting investment in Egypt

 Egypt's Supreme Investment Council, which is headed by President Abdel-Fattah al-Sisi, agreed Tuesday to extend a freeze on a capital gains tax to three years, Sisi's office said in a statement.

The council approved in total 17 measures aimed at boosting investment that included tax exemptions for farmers who produce strategic crops that Egypt imports or exports as well as a five-year tax exemption for manufacturers who will make strategic goods or commodities that are imported or exported.