{"id":650248,"date":"2017-03-20T04:06:56","date_gmt":"2017-03-20T04:06:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/egypt-is-focused-on-restoring-the-confidence-of-investors-says-el-sisi\/"},"modified":"2017-03-20T04:06:56","modified_gmt":"2017-03-20T04:06:56","slug":"egypt-is-focused-on-restoring-the-confidence-of-investors-says-el-sisi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/egypt-is-focused-on-restoring-the-confidence-of-investors-says-el-sisi\/","title":{"rendered":"Egypt is focused on restoring the confidence of investors, says El Sisi"},"content":{"rendered":"<p><strong>Egypt is focused on restoring the confidence of investors. That was the message <\/strong><strong>stressed by President Abdel Fattah El Sisi<\/strong> in an <a href=\"http:\/\/www.oxfordbusinessgroup.com\/interview\/reaching-out-president-abdel-fattah-el-sisi-building-friendly-investor-relations-and-regional-and\">interview<\/a> that was the centerpiece of the <a href=\"http:\/\/www.oxfordbusinessgroup.com\/egypt-2017\">Oxford Business Group\u2019s report on Egypt<\/a> (paywall) which came out yesterday. El Sisi reiterated that partnership with the private sector is key to sustainable economic growth and social welfare, and that the government is pressing forward with reforms to investment policy to encourage that partnership. He cites the creation of the Supreme Investment Council and the new Investment Act as examples of these reforms. The president also points to mega-projects as a key driver of FDI, especially in the Suez Canal area.<\/p>\n<p><strong>El Sisi views reducing Egypt\u2019s reliance on foreign aid as crucial for sustainable growth.<\/strong> To achieve this, the government has channelled investments towards key development projects, enhanced security at airports and other tourist installations to revive the sector, and has adopted a policy to grow SMEs, including an EGP 200 bn SME financing initiative.<\/p>\n<p><strong>The most crucial challenge to attracting investors remains security<\/strong>, said the President, where his administration is working on the ground and with the international community. Long term, El Sisi believes that root causes of terrorism need to be addressed from economic, social, cultural and religious angles. <strong>Other key challenges include corruption, excessive red tape.<\/strong> \u201cWe are seeking to further streamline bureaucratic procedures and implement a mechanism to swiftly resolve investment disputes, listen closely to the concerns of foreign investors and take the necessary measures to dispel them,\u201d he said. El Sisi expressed hope that these efforts are bearing fruit, citing the confidence of international lenders such as the IMF and improvements in FDI.<\/p>\n<p><strong>The report says it includes a series of interviews with other government officials and <\/strong><strong>business leaders<\/strong>, all of which rest behind a paywall. Among them: Administrative Capital for Urban Development Company CEO Ayman Ismail, Suez Canal Economic Zone chairman Ahmed Darwish, Fawry CEO Ashraf Sabry, and Rashidi El Mizan managing director Ahmed El Rashidi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt is focused on restoring the confidence of investors. That was the message stressed by President Abdel Fattah El Sisi in an interview that was the centerpiece of the Oxford Business Group\u2019s report on Egypt (paywall) which came out yesterday. El Sisi reiterated that partnership with the private sector is key to sustainable economic growth [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-650248","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"880ca1f8-c76c-4283-a547-f002931133d0","order":"0","is_powered_by":true,"section_story_id":"4602640e-9c4e-4b00-9bb7-14b8598614b7","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650238],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt is focused on restoring the confidence of investors, says El Sisi - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/egypt-is-focused-on-restoring-the-confidence-of-investors-says-el-sisi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt is focused on restoring the confidence of investors, says El Sisi\" \/>\n<meta property=\"og:description\" content=\"Egypt is focused on restoring the confidence of investors. That was the message stressed by President Abdel Fattah El Sisi in an interview that was the centerpiece of the Oxford Business Group\u2019s report on Egypt (paywall) which came out yesterday. El Sisi reiterated that partnership with the private sector is key to sustainable economic growth [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/egypt-is-focused-on-restoring-the-confidence-of-investors-says-el-sisi\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-20T04:06:56+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/egypt-is-focused-on-restoring-the-confidence-of-investors-says-el-sisi\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/egypt-is-focused-on-restoring-the-confidence-of-investors-says-el-sisi\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt is focused on restoring the confidence of investors, says El Sisi\",\"datePublished\":\"2017-03-20T04:06:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/egypt-is-focused-on-restoring-the-confidence-of-investors-says-el-sisi\/\"},\"wordCount\":345,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/egypt-is-focused-on-restoring-the-confidence-of-investors-says-el-sisi\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/egypt-is-focused-on-restoring-the-confidence-of-investors-says-el-sisi\/\",\"name\":\"Egypt is focused on restoring the confidence of investors, says El Sisi - 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He will also participate in a roundtable discussion with\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596488,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/29\/japanese-investors-urged-to-set-up-japanese-industrial-zone-in-suez-canal-area\/","url_meta":{"origin":650248,"position":3},"title":"Japanese investors urged to set up Japanese industrial zone in Suez Canal area","author":"enterpriseam admin","date":"29 August 2019","format":false,"excerpt":"We already have a RIZ and a CIZ \u2014 are we about to get a JIZ? Japanese investors attending the Tokyo International Conference on African Development (Ticad) have been urged to set up an industrial zone in the Suez Canal area, Ahram Online reports. Speaking at the Egyptian-Japanese Business Forum\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/945.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592636,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/could-military-owned-companies-be-set-to-list-on-the-egx\/","url_meta":{"origin":650248,"position":4},"title":"Could military-owned companies be set to list on the EGX?","author":"enterpriseam admin","date":"3 November 2019","format":false,"excerpt":"PRIVATIZATION WATCH- Could military-owned companies be set to list on the EGX or sell stakes to the private sector? President Abdel Fattah El Sisi has raised for the first time the idea of including military companies in his administration\u2019s stake sale program. 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