Unprecedented development projects in Egypt make it attractive to investors

Number of experts during  the 4th “Egypt Investment Forum” confirmed that the volume of development projects in the Egyptian market in all sectors is currently unprecedented, which makes it attractive to investors.

They further demanded the need to proceed with the implementation of the economic reform programme to increase the attractiveness of the Egyptian market for foreign investment.

Nasser Al Nowais, Chairman & Co-Founder of Rotana Hotel Management Corporation, said that Egypt is a strategic partner to the United Arab of Emirates, while the UAE comes among the top 10 commercial partners  of  Egypt in the world.

He added that Rotana Hotels Group’s total portfolio includes 112 hotels spread over the Middle East, Africa, Eastern Europe and Turkey, including 66 hotels and 44 hotels under development. Rotana Hotels Group was established in 1998, stressing that Egypt is a promising market in all sectors including tourism,  he added that his company  owns the Grand Rotana Resort & Spa in Sharm El Sheikh, and  currently develops another hotel in Cairo adding 200 hotel rooms.

Mohamed Tarek, Senior Manager Business Development at Consolidated Contractors International Co., further noted thatt the total volume of  business of his company reached $ 5.5 billion in all branches which is in various countries of the world, recruiting 170,000 employees worldwide,

He added that his company business portfolio include the implementation of power stations,  utilisation works and infrastructure, stressing that Egypt has become a center for the presence of his company in Africa due to the size of development being carried out in the Egyptian market.

The 4th edition of “Egypt Investment Forum” is taking  place on the 2nd of March  and the 3rd of March 2019. The Forum is organized by the Federation of Egyptian Chambers of Commerce and Al-Iktissad Wal-Aamal Group in cooperation with the Union of Arab Chambers.