President Sisi Receives Representatives of Major Investment Funds in the Presence of the EGX Chairman, Ministers of Investment & Finance and CBE Governor
13/12/2018
President AbdelFattah Al-Sisi meets a delegation of representatives, heads of leading international investment funds
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.