CAIRO: The Euromoney conference scheduled to be held Sep. 7 and 8, 2015 will be a “good opportunity” to introduce the economic system as well as the plans by the government to enhance Egyptian economic performance to European countries, FEI Chairman Mohamed al-Swedy told Youm7.
Swedy added that Euromoney Egypt is a “unique platform” from which the economic and investment future of Egypt is being discussed in all sectors “precisely and intensively.” He added that economic experts from all over the world will learn the independent visions and opinions of all the participating specialists, which will be in favor of the national economy.
He added that the conference serves as an invitation to international social dialogue “that Egypt needs in the upcoming period to introduce the latest developments the government is working on for the prosperity and development of investment in Egypt.”
Swedy called on the government led by Prime Minister Ibrahim Mahlab to issue “transparent and clear laws to create a good legislative environment that can attract foreign investment and develop the national investment.”
“Euromoney is one of the most important financial conferences held every year in Egypt, as it highlights the core changes and the political, economic, financial and legal mobilization Egypt has witnessed. The main issues are presented and explained clearly and objectively to global stock markets,” he added.
The Euromoney conference will celebrate the kicking off of its twentieth session this year, and will witness the participation of a number of prominent financial and investment experts from Egypt and around the whole world.
The conference is to be inaugurated by the Minister of Finance Hany Dimian, who will present during his opening speech the features and components of Egypt’s macroeconomics in the coming period. He will also spotlight economic growth, unemployment, inflation and the subsidy programs of the Egyptian government.
Editorial Director for Euromoney Conferences in the Region Richard Banks said that Egypt is an “important country” for Euromoney and so is the conference for Egypt.
“During the last 20 years, we explained to the whole world the main advantages for investing in Egypt and we are looking forward to do the same during the coming 20 years with all eagerness and optimism,” he added.
Banks said that Euromoney Egypt seeks to direct foreign capital and investments towards chances of “productive investment” in the national market.
“The Egyptian market is piled up with many new investment chances, which are real chances that need specific investment rules, long-term commitment and developed technological applications, which are the main components for the international capitals to abide by,” he commented.
On the other hand, the conference presents opportunities for investment and establishing fruitful economic partnerships in the Egyptian market.
Moreover, the conference is to discuss current as well as planned mega projects in Egypt; a number of workshops will be discussing the project of Suez Canal axis, energy and electricity, property development, construction and housing, credit markets, general and personal investments and the small and medium enterprises in Egypt.
It is expected that more than 1,000 financial and investment experts and specialists from all over the world who are concerned with investment issues in Egypt will participate in the 2015 conference.
A large number of public figures, businessmen and private-sector institutions are scheduled to participate in the conference this year, including: Minister of Investment, Ashraf Salman; Director of the PPP Central Unit in the Ministry of Finance, Atter Hannoura; Director of the GCC region at the Ashmore Group, John Sfakianakis; Chief Investment Officer, Global Sukuk and MENA Fixed Income, Franklin Templeton Investments, Mohieddine Kronfol; Chairman of the Egyptian Exchange, Mohamed Omran and Chairman of the Egyptian Financial Supervisory Authority, Sherif Samy.