Sisi says investment climate in Egypt “safe”

Egypt’s President Abdel Fattah El Sisi said Saturday that the investment climate in Egypt is safe.

Thanks to, not only the potential of state institutions, but also the will of the Egyptian people, Egypt could make it through all the big challenges since 2011, Sisi said during a panel highlighting the country’s economic reforms that was held on the fringe of the EU-Egypt Investment Conference earlier today.

The Egyptians have successfully passed this test, the president said, assuring businesspeople that “the investment climate in Egypt is safe and stable.”

Sisi also talked about overseas crises that spilled over into Egypt, such as the Covid-19, the Russian-Ukrainian war and the war in Gaza. Those had negative economic impact on all emerging economies, including Egypt’s, he noted.

The president thanked the Egyptian people for standing up in the face of all such challenges, believing this could be the best guarantee for Egyptian and foreign investors alike.

Over the past 10 years, the government has worked to establish an advanced infrastructure that would pave the way for real investment and industry in all fields, Sisi said.

Egypt has big investment opportunities and will work even harder to make them successful, he pledged.