Providing further information, Ms Visam also stated that a lot of work has been done to improve and speed up the foreign investment approval procedures. A system has been put in place to review and approve the foreign investments in 3 to 5 days in the general sector and the entire process has been streamlined so the approval is completed in maximum 5 days.
She also highlighted that now the processes are more transparent and people can rely on them, which is why it is becoming much easier for investors to act on their interests. It is expected that there will be a record of growth in investments collectively in tourism and non-tourism sectors during this year.
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