Head of the Federation of Arab Businessmen (FAB) and Chairman of the Jordanian Businessmen Association (JBA) Hamdy Al-Tabaa’ praised the investment climate in Egypt, asserting that Cairo has an attractive environment for Arab and foreign investments.
In statements to MENA correspondent in Amman Monday, Tabaa said Egypt is currently enjoying political and social stability that helped lure in local and foreign investments.
Egypt has witnessed a big leap over the past phase after the upgrade of its infrastructure over the past years including roads, transportation, electricity and new industrial cities, he added.
Tabaa called on the Egyptian bodies and Egyptian Businessmen Association to embark on a marketing tour in the Arab world and other countries to propagate progress achieved in Egypt over the past phase.
Tabaa said the JBA was founded in 1985 and followed the same laws of its Egyptian counterpart, noting that the Egyptian Businessmen Association is the first Arab society for businessmen.
He described relations between the two associations as “distinguished and unique” thanks to the sustained consultations between the two sides to serve the interests of their businessmen and investors.
Tabaa also urged Arab countries to conduct economic studies on the future of the Arab economy in light of the dominance of the dollar in the Arab market and the recurrent collapse of banks in the US, praising moves by some countries to make gross economic changes and introduce other currencies away from the dollar.
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