EFG Hermes, a leading financial services corporation in frontier and emerging markets (EMs), launched its third Egypt Day Conference on Tuesday in Cairo, with the participation of 27 investors from 22 companies and financial institutions with $5.5tn of assets under management. The three-day event will also host a group of high-level government officials and CEOs from Egypt’s top companies to discuss the stability and steady growth of the local economy following the recent reforms.
“EFG Hermes is committed to supporting efforts to attract foreign capital to Egypt as we continue to play our role as the bridge between foreign capital and investment opportunities in Egypt, and frontier and Ems. The impressive turnout at the Egypt Day Conference from global investors, Egyptian companies, and government representatives reflects Egypt’s position as a key part of the regional market that offers compelling opportunities to the global investment community,” said EFG Hermes Group CEO, Karim Awad.
“The consistent success of this gathering is a testament to the positive outlook on the local market and the global perception of Egypt as a growing economy in a region that is in constant flux,” Awad asserted.
The last edition of the conference held in January saw representatives from 27 global institutions from the US, the UK, Germany, South Africa, and the GCC who met with c-suite executives from top-listed Egyptian companies. The conference acted as a catalyst to reinvigorate the performance of the Egyptian exchange market between February and May 2018.