CEBC’s Head: Canadian Investments In Egypt To Reach $9.5 Bln

The volume of the Canadian investments operate in the Egyptian market would be                                                                                                                     $ 9.5 billion by the end of 2013, said Moataz Raslan, Chairman of Canada Egypt Business Council (CEBC); referring that there is a willingness to boost the Canadian investment in Egypt but it is conditional upon the stability of political states.

Raslan, in his statements to “Amwal Al Ghad”, said the government’s lack of economic vision is the cause of not entering more Canadian investments in the Egyptian market; asking for a clear strategy to deal with the investors and businessmen. He explained that the economic stability is conditional upon political stability.

The council is arranging many commercial missions to Canada; aiming to review the available investment opportunities and the cooperation fields between the two countries. And the coming commercial mission to Canada will be by the end of 2013.

Raslan elaborated that the Sustainable Development Council was established in order to follow up the countries that don’t have joint business councils, like Azerbaijan and Croatia; adding that it is necessary to promote for investing in the Egyptian market.

The volume of the Canadian investments operate in the Egyptian market would be $ 9.5 billion by the end of 2013,  said Moataz Raslan, Chairman of Canada Egypt Business Council (CEBC); referring that there is a willingness to boost the Canadian investment in Egypt but it is conditional upon the stability of political states.

Raslan, in his statements to “Amwal Al Ghad”, said the government’s lack of economic vision is the cause of not entering more Canadian investments in the Egyptian market; asking for a clear strategy to deal with the investors and businessmen. He explained that the economic stability is conditional upon political stability.

The council is arranging many commercial missions to Canada; aiming to review the available investment opportunities and the cooperation fields between the two countries. And the coming commercial mission to Canada will be by the end of 2013.

Raslan elaborated that the Sustainable Development Council was established in order to follow up the countries that don’t have joint business councils, like Azerbaijan and Croatia; adding that it is necessary to promote for investing in the Egyptian market.