Political Instability Defers Foreign Investments: El Korey

Dr Ali El Korey, Chairman the Egyptian-Thai Business Council, has warned of the continuity of the instability state and the political conflict, which will negatively reflect on suspending the production wheel, as well as delaying several of the foreign investments.

In his statements to “Amwal Al Ghad”, numerous Thai investments are willing to invest in Egypt, but they are waiting for restoring stability, as there whipping investing projects in the fields of energy, fertilizers, chemicals and recycling agricultural wastes, in addition to the Thai tourism are seeking to invest in Egypt.

El Korey added that the council is preparing a promoting mission, about the Egyptian market, to Bangkok. It also aims at boosting the trade exchange volume between Egypt and Thailand, attracting Thai capitals and working on expanding the cooperation and investing partnership between the two sides.