Shaaban Bilal (Cairo)
The Egyptian government seeks to provide an attractive climate for investment in light of the comprehensive development process that Cairo is witnessing, which has provided various opportunities for foreign investments in the Middle East and Africa. Economic experts and analysts emphasized the existence of promising investment opportunities in Egypt due to the availability of an attractive climate for investments supported by the continuous work of the Egyptian government that lasted for several years to improve the investment environment, rehabilitate the infrastructure and revise laws within the comprehensive development process to facilitate investors. Mohamed Anis, an economic expert, stressed that the investment climate in Egypt is safe and attractive for foreign investments to establish new productive projects that contribute to increasing the Egyptian national product and providing job opportunities, in addition to the need for these projects to target exports, not just the local market. Anis pointed out that there are promising investment opportunities in Egypt, stressing that the Egyptian market is qualified to attract Arab and international investments following the requirements for the success of investment projects were met, including facilitating bureaucratic procedures and providing land for targeted projects with an abundance of labor as well as infrastructure requirements such as electricity, roads and sea ports. The Egyptian government is working to create a business environment in order to attract more foreign investments to the Egyptian market, especially Arab and Gulf investments. For his part, Mohamed Maher, an economic expert, confirmed that Egypt has worked over the past years to establish an infrastructure of roads, electricity and energy, and to provide logistics through ports and fast and high-speed transportation, which provides an attractive climate for foreign investment. Maher pointed out that there are financial surpluses in some countries during the recent period as a result of the improvement in oil prices that can be invested in Egypt, especially since Cairo’s current situation is safer for these investments and closer to culture, geography and other factors. The Egyptian economic expert, Dr. Rashad Abdo, agreed that Egypt is a promising and fertile country for investment in all fields, as it is a wide market and a large population exceeding 100 million people, stressing the availability of all the elements that foreign and Arab investors need for investment. He added that the Egyptian government has offered many investments in all areas and sectors targeted for development, explaining that Egypt is distinguished by its strategic location that enables any investor to export to Africa, Arab countries, Europe and countries of the world, in addition to its enjoyment of the infrastructure of roads, services, electricity, water, means of transportation and others as a result of the development plan. comprehensive for the Egyptian state. According to the General Investment Authority in Egypt, the investment climate, especially in the past few years, has witnessed many legislative and institutional reforms with the aim of facilitating and simplifying procedures for investors, which contributed to achieving positive results in the field of establishing companies in terms of time, cost and number of procedures needed to start the activity.
