Abdel Fattah el-Sisi – Wikipedia
President Abdel Fattah al-Sisi has promised several investment opportunities for potential participants at the major economic summit. Egypt will host the event in March to attract investors and is expected to present its economic strategy (investment options) to a top tier group of world leaders and business figures. The conference is scheduled for 13-15 March in Sharm al-Sheikh.
Sisi labelled the conference as “an opportune time for the global financial community to come to Egypt to witness first-hand the changes that the country has made over the past year to fundamentally reform the economy and unleash its productive capacity.”
Sisi invited both domestic and foreign investors “to take part actively in the re-invigoration of the Egyptian economy”. One of the top priorities is to eliminate “antiquated and unfair legal practices”.
The president mentioned a number of sectors that could be targeted by investors. Here is the list:
- Tourism should regain its status as a major area of investment and catalyst for growth;
- Light manufacturing should take off given the advantages that Egypt offers in terms of its relatively low costs, large labor pool and accessibility to markets in Europe, the GCC and Asia;
- Communications and energy which Sisi considers as equally attractive investment targets.
Source: Egypt Independent
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