Apart from reflecting Egypt’s desire to further coordination with fellow Arab states, President Abdel Fattah El Sisi’s current Gulf tour is an eloquent expression of the hard work Egypt did in the past years, especially on the economic front.
The Egyptian leader’ activities in Doha, the capital of Qatar, included a meeting with Qatari businessmen on investment opportunities in Egypt.
After speaking extensively about those opportunities,President Sisi talked about the measures the government took in the past years to improve Egypt’s investment climate and make it attractive for foreign investors.
His assertion that Egypt is now ready for major partnerships mirrors the Egyptian leader’s confidence in his country’s abilities and the huge economic potential it holds.
In the past decade, Egypt invested tens of billions of dollars to pave the way for the flow of investments from all parts of the world, including through the launch of major infrastructure projects that ease movement to all parts of this populous country and also end decades-old problems, including in relation to energy supply to industrial facilities.
The work Egypt did at its seaports, which included a modernisation of all those ports and the construction of new ones, bears witness to the government’s pursuit for easing the movement of goods and production requirements to and from Egypt.
The president’s remarks during his meeting with the Qatari businessmen complement the statements he made during a meeting of the Egyptian-French Business Council during thevisit French President Emmanuel Macron paid to Egypt earlier this month.
During the meeting, the president said Egypt represents a “great opportunity” for investors. In saying this, the Egyptian leader was only speaking the truth.
With almost a third of the population of the Arab world, Egypt is a huge market for investments. This huge market also boasts one of the most trained and skilled labour forces, not only in the region, but also in the world, which eases the mission of operating industrial, commercial and service projects in this country.
Egypt’s geographic location also makes it a great link between Europe, Asia and Africa, with the Suez Canal functioning as an indispensible artery between these parts of the universe.
On the legislative front, Egypt also did a great job in the past years, eradicating legislative hindrances on the road to attracting investments and easing the job for those who want to invest their capital here.
All this empowers the Egyptian leader as he meets investors everywhere. So when Sisi says “Egypt is ready”, he means it.
