Delegation with 27 Regional and Global Investment Funds

Cairo - Eco : President Abdel Fattah el-Sisi received a delegation comprising representatives of 27 regional and global investment funds vising Egypt upon the invitation of the Egyptian Financial Group-Hermes so...

as to become familiarized with the recent economic developments and investment opportunities available in the Egyptian market. The meeting was held in presence of the Prime Minister, Governor of the CBE and the Ministers of International Cooperation, Petroleum & Mineral Resources, Trade & Industry, Finance and Investment.

The President emphasized his keenness on meeting with representatives of regional and global investment funds, reflecting the open policies adopted by

the government to encourage investments and the government’s efforts aiming to provide an attractive climate and overcome all obstacles facing investors. He referred to Egypt’s great and promising investment opportunities in various sectors and its political stability despite of the prevailing troubled regional conditions, added Ambassador Youssef. The President further stated that the bold economic reforms adopted by the government during the previous months reflected real willingness to face chronic problems of the Egyptian economy exacerbated as a result of the recent political events that took place in Egypt, commending the Egyptians’ understating of the significance of such procedures. The President further gave an overview of national projects implemented in a timely manner to improve the infrastructure and provide the necessary energy for the development process, looking forward to the investment funds’ contribution to pushing forward the economic development efforts through benefiting from the available investment opportunities.

As stated by Ambassador Youssef, the aforementioned officials presented efforts exerted at all levels to promote all economic sectors, encourage investments and provide an enabling environment for investments at legislative, administrative and procedural levels. They also indicated that the strong political will and the consistent work of the state bodies as well as the Egyptian people’s recognition of the significance of carrying out serious unprecedented economic reforms helped implement the recent economic decisions adopted by the government. They mentioned the tangible improvement of the trade balance as a result of decreasing importations and increasing importations, while referring to the government’s plans to offer sovereign bonds and to the promising investment opportunities provides to investment funds. 

During the meeting, added  Ambassador Youssef, official responded to representatives’ inquiries about the economic status prospect in Egypt and the government’s reform procedures. At the end of the meeting, the President looked forward to enhance cooperation with regional and global investment funds, while reiterating the state’s keenness on proceeding with its efforts towards the achievement of a comprehensive economic development and the fulfillment of the Egyptian people’s aspirations.