International investors with more than $500bn in total assets under management began a road show in Cairo on Sunday led by EFG Hermes, investment bank in the Arab world. More than 20 investors from the United States, Europe, South Africa and the Middle East with a combined $2bn already invested in Egypt began their three-day road show with high-level briefings from Egyptian Prime Minister Hisham Kandil and senior Cabinet Members including the Ministers of Investment, Industry, Tourism, Housing, Petroleum and Minister of State for Legal and Parliamentary Affairs.
Investors also met with the heads of the economic committees of major national political parties.
“There has never been a more important moment for top global investors to hear about the current state of economic and political affairs in our nation directly from policymakers and future lawmakers,” said Mohamed Ebeid, Co-Head of EFG Hermes Securities Brokerage.
“Investors heard first-hand views on the future of the economy as well as steps the government is taking to enhance the investment climate,” he added.
Noted, Wael Ziada, the firm’s Head of Research, “These meetings sent the very clear signal that Egypt is open for business — and that growth, going forward, will not just deliver returns to investors, but an improved social justice framework that will eventually improve the lives of all citizens, particularly those most at risk.”
Prime Minister Kandil discussed with investors a range of economic, political and security issues, painting a picture of nation fully ready to get back to business following the recent conclusion of its transition to democracy.
He further noted the government’s strong interest in seeing successful investment in projects in infrastructure and labor-intensive industries.
“We are absolutely delighted that Prime Minister Kandil and senior members of his cabinet have been so generous with their time,” concluded Ebeid.
“It is vital to ensure investors have clear insight into the economic, political and social future of Egypt, and the willingness of senior policymakers and upcoming legislators is core to investment strategies in increasingly important markets such as Egypt,” he added.
Ameinfo
