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There is a great optimism about investing in Egypt: IFC

Tuesday 19/September/2017 - 01:51 PM
Sada El Balad
Sada ElBalad-Nada Moustafa
Country manager for Egypt، Libya and Yemen at international Finance Corporation (IFC)، Walid Labadi said “there is a great optimism about investing in Egypt، in the light of the economic reform program adopted by the country”.

He added in his word during “Euromoney conference” held in Cairo، that the infrastructure sector in Egypt has witnessed an obvious development، especially after the change in the licensing system.

Moreover، he expressed his hope that the customs system will take a faster pace than it is now.

Noteworthy، The activities of Euromoney Conference، which lasts for two days، kicked off in Cairo yestreday، Monday.

Representatives of the Egyptian government and international figures in addition to Dr. Sahar Nasr، Minister of Investment and International Cooperation، Amr Al Garhi، Minister of Finance، and Eng. Tareq Qabeel، Minister of Trade and Industry will attend this conference.

Charlie Corbett. Editorial Director of Euromoney Conferences raises a number of important questions about the major challenges that face the economic growth of Egypt's private sector and hinder foreign investment in Egypt.

Foreign investors are heading back to Egypt after the government implemented a string of reforms، helping drive the Egyptian pound up more than 10 per cent against the dollar and easing a foreign currency crisis، Financial Times reported last February.

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