Mohamed Abu El-Enein, Deputy Speaker, and Head of the General Division for Investors in the General Federation of Chambers of Commerce stressed the importance of supporting the procedures and steps taken by the Egyptian government to create a suitable investment climate in the market.
Abu Al-Enein added, during a TV report on the meeting held by the General Division that the investors’ submission of proposals helps to create the investment environment.
He continued that Egypt is witnessing a great governmental awakening in the industrial sector led by President Abdel Fattah El-Sisi, indicating that the political leadership has an intention to boost the industry.
In his word, Abou El-Enein pointed out that the division’s meeting always comes to work on solving obstacles, especially in light of the economic conference called by President Abdel Fattah El-Sisi, which is set to be held during this month.
Moreover, the lawmaker added that the world is witnessing a slowdown, and solutions are demanded for the economic challenges that have become different from the past, asking: “Where are we in the world as Egyptian businessmen?”
In this regard, Abou El-Enein called on Egyptian businessmen to stand behind their state and present proposals to solve economic problems and promote investment opportunities in foreign markets to attract direct foreign investments.
Chairman of the Egyptian-European Business council, Mohamed Abou El-Enein, President of the Investors Division of the Federation of the Egyptian Chambers of Commerce said that the government needs to develop a working paper on the problems and challenges facing investors.
In his word, during the division’s meeting, Abou El-Enein pointed out that the current world vision has changed from previous periods, adding,”10 years ago, we were talking about globalization, and now we are talking about the regional center.”
Moreover, the Prominent businessman stressed that the past events, starting from Coronavirus to the Russian-Ukrainian crisis, showed the need to talk about the surrounding regional conditions, which countries began to focus on.
In addition, Abou El-Enein explained that there are many countries that have set their goals and developed all methods and possibilities to achieve them.
He also pointed out that some countries have provided incentives to investors, whether local or foreign, to attract them, and some countries have also worked to localize future industries, as well as giving incentives to export operations, and industries which gives an added value to the raw materials.