President Abdelfattah Al-Sisi Meets a Delegation of Representatives, Heads of Leading International Investment Funds

Thursday, 13 December 2018

President Abdel Fattah Al-Sisi held a meeting with a delegation of representatives
of leading international and regional investment funds in the presence of Governor
of Central Bank of Egypt, Tarek Amer and Chairman of The Egyptian Exchange,
Mohamed Farid Saleh.
Ambassador Bassam Rady, spokesperson for the Presidency, said that the
President commenced the meeting with stressing his keenness to meet investment
delegations to review the latest economic scene and exhibit promising investment
opportunities in the Egyptian market in various sectors, in addition to following-up
on the development in the Egyptian Capital Market performance and how it
reflects the performance of the economy under the comprehensive economic
reform program being implemented by the Egyptian Government.
In this context, the President emphasized the numerous factors and investment
fundamentals in Egypt now qualifying it to attract foreign investment; namely
security and economic stability despite the turbulences in the region, in addition to
abundance of manpower, as well as trade agreements between Egypt and Africa,
Arabic markets and The European Union.
The President also reviewed developments and reform measures taken to
encourage investment and remove all obstacles of investing in Egypt; namely the
floatation of EGP exchange rate, achieve a steady increase of net international
reserves, the State’s rapid infrastructure development, establishment of new cities
and the surplus of energy reserves. This in addition to the efforts exerted to raise
the efficiency of businesses in the local market and private sector especially the
small and medium enterprises.
Ambassador Bassam Rady said that the Central Bank Governor and attending
Ministers; H.E. Dr. Sahar Nasr Minister of Investment and international
Cooperation and H.E. Dr. Mohamed Maait, Minister of Finance, pointed out to the
important role of investment funds in increasing investment flows to Egypt,
whether direct or indirect, stressing that Egypt is looked forward to attract more
investments in various fields through enhanced cooperation with these funds.
He said that during the meeting, an open dialogue between the President and
representatives of investment funds on future prospects for the economic
development in Egypt and what the Egyptian government is doing to implement
the economic reform program were discussed. The delegation stressed their
appreciation for meeting President AbdelFattah Sisi, which reflects the wellness of
the political leadership in Egypt to accelerate the investment climate in Egypt and
attract investments.