Euromoney to Hold Egypt-GCC Investment Forum in Cairo December 4-5

By Yomna Yasser On Nov 19, 2013

Euromoney Conferences announced that it will return to Cairo on the 4-5 December for the inaugural Egypt/GCC Investment Forum.

This timely event will bring together key Egyptian and GCC investors, financiers and partners to debate and discuss the significant investment opportunities present in Egypt’s economic restructuring, according to the press release.

This unique forum will focus on fostering ongoing strategic partnerships between Egypt and the GCC as both parties look towards a future of continued collaboration and increased economic stability in the region.

Through a series of targeted workshops this forum will look closely at the main industry sectors. Topics will include: renewable energy, housing and real estate, agriculture and food, hydrocarbons, IT and telecommunications, transportation, infrastructure, and tourism.

The Egyptian Ministry of Investment and the United Arab Emirates in partnership with Euromoney will welcome to Cairo distinguished delegates from across Egypt and the GCC. Together we will provide a platform to establish clear solutions for how to progress amidst the challenges of the current economic environment.

Investment minister Osama Saleh and UAE’s minister of state Sultan Ahmed Al Jaber will open the two-day forum, which will include keynote addresses from Egypt’s prime minister Hazem El-Beblawi, deputy prime minister Ziad Baha El-Din.

Last week, Standard & Poor’s Ratings (S&P) raised its long and short-term foreign and local currency sovereign credit ratings of Egypt to B-/B from CCC+/C with a stable outlook. S&P stated that it expects support from bilateral lenders to continue over the medium and therefore that the upgrade demonstrates S&P’s view that Egyptian authorities have secured sufficient foreign currency funding to manage Egypt’s short-term fiscal and external financing needs. Coming at the same time as news that both the curfew and the state of emergency that have ended, these actions both point to a return to stability and a rise in investor confidence in the Arab world’s most populous nation.

This positive news comes as the preparations for The Egypt/GCC Investment Forum 2013 gather pace. This forum, co-hosted by the Egyptian Ministry of Investment and supported by the Government of the United Arab Emirates and the GCC will bring together key Egyptian and GCC investors, financiers and policy-makers to debate and discuss the significant investment opportunities present in Egypt’s economic restructuring.

This unique forum, to be held in Cairo, will focus on fostering ongoing strategic partnerships between Egypt and the GCC as both parties look towards a future of continued co-operation and increasing economic stability in the region. Through a series of targeted workshops this forum will look closely at the main industry sectors. Topics will include: renewable energy, housing and real estate, agriculture and food, hydrocarbons, IT and telecommunications, transportation, infrastructure, and tourism.