Mohamed Abul Enein، a business magnate،Honorary Speaker of the Euro-Mediterranean Parliamentary Assembly and Chairman of the Egyptian –European Business Council، said that decision of floating the pound، which was made before a year، affected negatively on some projects.
He indicated that the government made that decision on time.
It must go on economic reforms to deliver subsides to who they deserve.
Abul Enein affirmed that the new economic measures teach the Egyptians culture of rationalizing spending and reducing consuming.
He went on to say، during an interview with Al Majalah، a Saudi magazine، that the later enacted legislatures encourage foreign investors to come to invest in Egypt.
Abul Enein revealed that the Egyptian laborers in Iraq and Libya have been suffered from deteriorating of internal positions in those states.
Both Iraq and Libya absorbed some two million Egyptian workers years ago.
He assured that theEgyptian laborers were forced to leave the two states.
He unveiled that the mega national projects، launched in the era of President Abdel Fattah Al Sisi، absorbed those laborers who returned home.