Minister of Investment Dalia Khorshid said that the private sector and investment banks currently play an important role in promoting Egypt’s investment climate.
She added during a conference arranged by Beltone Financial, which took place on Monday, that their role does support the government to clarify the vision of Egypt’s economy to investors from Europe, the US, and Gulf Arab states.
The four-day conference, under the theme “Africa’s Era, Egypt’s Moment”, witnessed the participation of Mohamed Khodeir, CEO of the General Authority of Investment and Free zones (GAFI), more that 30 Egyptian and African companies, and 50 international funds and financial institutions.
Khorshid emphasised that investment is the future for Egypt, and that Egypt holds a bright future for investments.
The minister promoted the legislative and institutional reforms implemented by the ministry in order to improve the investment climate. She said that attracting direct and indirect investments is the main role of the ministry, adding that indirect investments such as investing in the Egyptian Exchange reflect investor trust in the Egyptian market.
The Egyptian market, with its sources and abilities besides investors’ experiences, guarantee successful projects, Khorshid noted.
“The conference entails over 250 one-on-one meetings over two days between the heads of Egyptian and African companies and investors, with around 30 Egyptian, Kenyan, Nigerian, and South African companies slated to attend, in addition to around 50 local, regional, and international investors and investment funds with over $4tn in assets under management,” according to a statement released by Beltone.