2023-05-03 10:55:04
Dubai, United Arab Emirates (CNN) – The Egyptian MP, Mostafa Bakry, commented on the statements made by Samih Sawiris, Chairman of the Board of Directors of Orascom Development Holding Company, a company engaged in the construction and construction of tourist resorts and hotels, amid the uproar raised by the latter by saying that he had suspended His investments in Egypt at the present time due to fluctuations in the exchange rate of the dollar and the difficulty of forming a feasibility study for projects in the country.
Bakri said in a tweet on his official Twitter page: “Engineer Samih Sawiris made statements to Al-Arabiya channel in which he questioned the feasibility of the private sector having a role in Egypt and said that he is currently negotiating investment outside the country. My only question to Engineer Samih: It was your share of participation in national projects. The largest in Egypt is 75 billion pounds in seven years.. This is for one company, let alone regarding 4,000 private sector companies participating in these projects that are supervised by the armed forces and employ 5 million Egyptian workers.
And he continued: “You know that this matter was imposed by certain circumstances following the major collapses that the country witnessed due to the chaos that engulfed Egypt following the events of the January 25 revolution, and your honor also realizes that the state has now opened the door wide for the private sector to return to exercising its assigned, important and necessary role. “
He added, “I was hoping that you would rise above the language of excitement at a time when the country is facing serious challenges, but unfortunately. You have achieved billions of dollars in Egypt, but it seems that ingratitude has become its poison these days. Trust, Mr. Samih, that Egypt will recover from its crisis and overcome it.” All attempts to thwart it are thanks to its loyal sons who love the country more than their love for money. I have an important question left. You have the Sawiris’ wealth close to 10 billion dollars. Can you tell me how many billions of it are in Egypt. Unfortunately, not a billion!!”
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