The proposed establishment is poised to streamline processes and consolidate boost efforts aimed at attracting investments and promoting exports.

Key to this development is the consolidation of two vital entities, the Board of Investment and the Export Development Board, into a single institution.

“On 16 January, the Cabinet approved to create a more favourable environment for investment and export promotion, to establish a new institution consolidating the Board of Investment (BOI) and the Export Development Board (EDB).