During his participation in the “Future Cities in Egypt” Conference: Mohamed Abou El-Enein: President El-Sisi strongly supports the national economy and the new Administrative Capital has turned into an investment hub. European and Arab countries have come to describe Egyptian projects as miracles


Abou El-Enein:

  • Egypt is witnessing an integrated urban development thanks to President Sisi’s support for the national economy
  • The new administrative capital will be an investment hub
  • European and Arab countries describe Egyptian projects as miracles
  • Economic cities own the most successful model of manufacturing and marketing
  • The initiative of the Central Bank to support the industry is the first step to boost the economy
  • Egypt and all Arab countries must prepare for the fourth industrial revolution
  • We are preparing to inject new investments estimated at 3.5 billion pounds during 2020

President of the Cleopatra Group Mohamed Abou El-Enein called on Sunday for establishing more specialized industrial cities in each governorate.

Abou El-Enein was speaking during the “Future Cities of Egypt” Conference, which was held in Cairo in the presence of heads of real estate companies and investors.

“The industry is the first and main for development,” Abou El-Enein said, citing what happened in China, Malaysia, and India in terms of the Fourth Industrial Revolution.

The prominent businessman pointed out that industrial cities give value added to the national economy.

Abou El-Enein also called for building economic cities with different nature, which have special laws giving privileges for investors, a matter which lure more investments into the country.

He urged business people to develop a marketing plan for the Egyptian real estate projects and inviting experts to benefit from their expertise in this domain.

During his speech, he thanked the political leadership and the Egyptian workers for their great role in pushing forward the development process, expressing his pride for what Egypt nowadays witnesses.

He also thanked the Armed Forces for their efforts in maintaining the country’s security and stability, which created an investment-friendly climate and attracting investors here.

The conference was co-organized by the Al-Iktissad Wal-Aamal Group and the Housing and Investment Ministries in collaboration with the Union of Arab Chambers and the Federation of Egyptian Chambers of Commerce and the Egyptian Businessmen Association, as well as the Egyptian Lebanese Businessmen Friendship Association, and the Egyptian Real Estate Council.

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