Cairo – Eco – Fady Labib
: Today, President Abdel Fattah El Sisi met with a delegation that included the
heads and representatives of major international and regional investment funds.
The meeting was also attended by the governor of the Central Bank of Egypt, the
ministers of international cooperation and finance and the chairman of Egypt's
stock exchange ...
The President affirmed
his keenness to meet with the delegation to review the economic developments
and promising investment opportunities in various sectors in Egypt. This is in
addition to his interest in periodically following up on the performance of the
capital market and supporting it as an indicator of the economic performance,
in light of the current implementation of the economic reform program.
The President affirmed
that the diverse investment factors and assets that Egypt enjoys qualify it to
attract foreign investment. These include security and economic stability in
spite of the tense regional situation. This is in addition to the availability
of trained labor, expansive Egyptian market and free trade agreements that
Egypt shares with African, Arab and EU markets.
The President reviewed
the developments and reform measures adopted by the government to encourage
investment and to overcome obstacles that investors face. These measures
include liberalizing the exchange rate and achieving a steady increase in the
foreign exchange reserves. This is in addition to the state's role in
developing the infrastructure by expanding the road network, establishing many
new cities and urban communities and achieving a surplus of energy, as well as
its efforts to raise the efficiency of business enterprises, encourage the
local private sector, provide financing for small and medium enterprises and
modernize relevant legislative and legal systems.
The Egyptian officials
in attendance highlighted the positive role of the funds in increasing the flow
of direct and indirect investments to Egypt and added that Egypt looks forward
to enhancing cooperation with these funds. They reviewed efforts to stimulate
economic sectors and encourage investmnt through ongoing government policies to
support the state's monetary and economic stability.
The delegation members
expressed their appreciation for meeting and directly conversing with the
President, which demonstrates the political leadership's will to increase the
pace of improving the investment climate in Egypt and attracting investment.
President El Sisi
affirmed the importance of not separating Egypt's economic reality from the
current international developments. He lauded the Egyptian people's awareness
and understanding to endure the burdens of the economic reform. He noted that
the developmental projects in Egypt have moved from the planning to
implementation phase and that the government is adamant to pursue its
development goals.
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