Hassan El Shafie: Political Chaos May Halt Foreign Investments in Egypt

The political chaos that Egypt is facing will have repercussions as the investors may suspend their investments in the Egyptian market, said Hassan El Shafie, Chairman of the Egypt-Romania Business Council.

He has elaborated that the political incidents affect the Egyptian economy; calling on the officials to hastily work on dealing with the current state, in order not to collapse the Egyptian economy.

When Egypt gets the loan of the International Monetary Fund (IMF), it will be an attempt to help the Egyptian economy recovers, said El Shafie.

As to the volume of investments between Egypt and Romania, the chairman said it is tenuous and doesn’t suit the possibilities of Egypt and Romania. And there are preparations for inviting the businessmen of the Romanian side to visit Egypt in April 2013, to discuss how to boost the volume of Romanian investments in the Egyptian market.