Aly Faramawi, Vice President of Microsoft Corporation and President for Microsoft Middle East and Africa MENA, said the Egyptian Economy is witnessing a remarkable decline within the current phase and a clear shrink in foreign demand for domestic investment at a time when the government is seeking to obtain foreign loans. Faramawi added that he believed that internal reform would clearly contribute to the return of investment and to the improvement of the economic situation, which is witnessing a recession ended its second year.
Furthermore, the dispute files between the government and businessmen which started during the three successive governments of Egypt since the beginning of 2012 till the end, Faramawi thinks that transitional justice” must put in mind inthis stage as it offers more liquidity into the state of treasury, adding that the suspension of disputes and different governing of economic laws of various sectors disrupt the process of economic growth. He also stressed on putting stragetic plan by the current government employes from it all energies operating in Egypt to serve the Egyptian economy, pointing out that the dependence on factions and exclusion of other causes weakness of the social fabric and reflected clearly on the economic performance of workers in the investment, whether local or foreign.More over, He explained that his company has focused its investments during 2011 and 2012 to increase the rate of employment in the company and the development of their employees, pointing out that Microsoft has pumped investment rates tripled for core rate of its investments, in reliance on the Egyptian minds addition to investment in outsourcing services and call center.
