Egypt 2016 a promising year for Investors

0
1622
Advertisement

The 25th of January 2016 marks the 5th anniversary for the 2011 Egyptian Revolution when people called for bread, Freedom & Social justice. Since then, Egypt’s resources were drained and in-security due to terrorism & criminal activities caused panic and frustration. On the 30th of June 2014, the current administration took over, and with a determined political will to deliver what the people called for on the 25th of January 2011.

Over 2015, Unemployment rates started dropping, growth rate stands at 4.5 per cent to 5 per cent, compared to less than 2 per cent that we went through over the past years. The general level of security has currently improved to a great extent compared to daily criminal & terrorist attacks, transparency levels of the government with the international community are at a much higher level, major achievements & projects have been developed specially in the field of Energy, as well as infrastructure and development.  Various projects in the pipeline and others are in intensive progress; the Power sector has strongly grown, which is expected to yield major input to the country’s economy within 4 years. On the other hand, major infrastructure projects have been launched and are in progress with variable short and long-term economic returns. The current administration is also focusing its investments on develop Small and Medium Enterprises (SMEs) through diverse programmes, various other projects in sectors of Agriculture and Industry characterize 2015 as a leap towards the future.

The Suez Canal remains the highlight of achievements reflecting the ability of raising $8.0bn in a week, 50 per cent of which was outside the Financial Sector – the project’s delivery came right on schedule, both (collection and delivery) reflect that Egypt is a market that has upbeat potential for growth, power to achieve, and hidden abilities that can directly lead us to a brighter future. In 2016, we need to unleash our Capital, abilities, and potential towards development, we need to bypass fatigue, bureaucracy, and frustration generated over the past several years… along with decision makers who need to make stronger and firm decisions needed to achieve targets set.

Investment in Technology in Egypt is a great market that needs smart investors, Egypt’s labour is characterized by its innovative mind that is the real wealth, some smart investors are currently studying projects to incubate and utilise this wealth.

Despite harsh economic attacks on most of the successful Arab countries during the so-called “Arab Spring”, Egypt was able to maintain stability and regain its natural economic statue within the global market. The new administration under President Abdel Fattah El-Sisi’s sophisticated agenda has helped Egypt secure its interests in both the region and the globe. 2016 looks like a launching year for the Egyptian economy and a lucky year for investors looking for opportunities.


LEAVE A REPLY

Please enter your comment!
Please enter your name here