Are investors still skittish about returning to Egypt?

Despite all the positive press we’ve been getting over the past month, are investors still skittish about returning to Egypt? The AFP tries its very best to make that case, but ultimately can’t deliver. “Egypt’s economic recovery will come with a lag, until the government follows through on reform policies with a successful implementation,” said CI Capital’s Hany Farahat. Scandalous, right? Some investors are cautiously optimistic, including Schindler Egypt’s CFO Walid Allam, who believes a recovery will begin in 2018. But others feel that more needs to be done, including Esraa Ahmed, an economist with Mubasher, who says potential investors are keen to see additional structural reforms before committing to long-term investments.