Egypt’s Latest Clashes May Expel Investments From Egypt

Dr Mohamed Mourad El Zayat, Vice Chairman, at Egypt Junior Business Association (EJB), said the bloody clashes that took place outside the presidential palace yesterday expel the investment from Egypt.

He referred that there are several investments, which are following up what is happening in Egypt and till hold a referendum on the constitution. Egypt needs a political stability to achieve an economic stability and real renaissance the Egyptian citizen can feel and to achieve the revolution targets.

The government has a role to serve the Egyptian economy, revive the public sector and support the public sector; so as to establish a lot of ventures through eliminating corruption and bureaucracy.

He underscored the importance of the private sector which represents 70% of the job opportunities for the Egyptian market; referring to the numerous obstacles that face the investments in Egypt; like the infrastructure and the workforce.