Egypt’s President Abdel Fattah El Sisi stressed the state’s keenness to maintain direct interaction with investors and the business community, noting that their success supports Egypt’s path towards comprehensive development and state-building.
The president’s remarks came as he received on Tuesday a delegation of Egyptian businessmen and investors from various industrial sectors. The meeting was attended by Prime Minister Moustafa Madbouli, and a host of ministers and top government officials, Presidency Spokesman Ambassador Bassam Radi said.
During the meeting, the president affirmed the state’s interest in stimulating investment and dealing decisively with all the concerns facing businessmen, especially in light of their effective contributions to the gross domestic product, employment and the administrative and organisational capabilities they possess.
The president reviewed in this context the facilities as well as the reform and development measures the government has taken to encourage and support serious investments and to overcome all obstacles facing the private sector.
He also highlighted the efforts exerted by the state in terms of infrastructure development, especially in the ports and airports sector, the road network and the modern transport system, in addition to the great development in the customs and tax systems.
The president asserted Egypt’s need for all its citizens to contribute to its development and change its reality for the better.
The ministers shed light on the developments of the economic scene and the promising investment opportunities available in the Egyptian market in various sectors. They also reviewed the various significant elements that Egypt now enjoys, which doubled its ability to attract foreign and local investments.
They also highlighted the efforts exerted at various levels in Egypt, in order to stimulate all sectors of the economy, including tax and customs amendments, expansion of automation and the flow of databases, and other development measures that covered all sectors of the state.
The meeting included an open dialogue between the president and a number of Egyptian businessmen and investors about the efforts the government is making to advance the comprehensive development process and the future prospects for the economic situation in Egypt.
The businessmen and investors praised the ambitious development plans and the improvement in the investment climate in Egypt.
They also lauded the strong political will to achieve reform and growth in Egypt at an accelerated pace, which contributed significantly to restoring the positive image of Egypt among the foreign and Egyptian business community. They expressed appreciation for meeting the president and his continuous interaction with the private sector to face any challenges that may arise in this regard.
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