Egyptian Trade and Industry Minister Nevine Gamea issued a decision to form a new board of directors for the Egyptian Competition Authority (ECA) for 4 years under the chairmanship of Mahmoud Ahmed Momtaz.

The Board includes, in its membership, Counselor Sameh Salah Ali Shalaby, Vice President of the State Council, and Head of Commercial Representation, representing the Ministry of Trade and Industry, Karim Sayed Jumaa Abdel Halim, representing the Ministry of Supply and Internal Trade, Baher Mohamed Amin Ghazi, Counselor Naji Saad El-Zeftawy and Khaled Mounir. Hassanein El-Feky, a specialist in the field of economics and law, Eng. Ibrahim El-Araby, representing the General Federation of Chambers of Commerce ( FEDCOC), Ahmed Abdel Hamid Abdel Salam, representing the Federation of Egyptian Industries, and Souad El-Sayed El-Deeb, representing the General Federation for Consumer Protection.

In a statement, the Ministry said that the decision will enter into force, a day after the date of its publication in the official gazette.

The decision came to promote the ECA’s role in entrenching the roles of fair competition, promoting market performance levels and putting an end to practices that harm the national economy, said the minister.

She, meanwhile, said that the decision would contribute to creating a climate conducive to investment and based on principles of free market.

The ECA plays a crucial role in supporting national industry and luring more investments into the Egyptian market along with providing equal opportunities between the various economic sectors, concluded the minister.