Egypt one of the HSBC Group’s 19 global priority markets

Mona El Sayed, Head of Commercial Banking at HSBC Bank Egypt, talks to the Daily News Egypt about the company’s plans and assessment of the Egyptian economy.

What is the HSBC’s vision for the Egyptian economy in the coming period?

HSBC Group believes in the long-term future of Egypt and remains committed to investing in growth of its business in the country.

We see a lot of growth opportunities for Egypt and view it an attractive market for investors. This is supported by HSBC’s latest Global Connections Trade Forecast report issued in September 2014, which notes that fast-growing Asian economies will become ever more important trading partners for the country through to 2030.

From your point of view, what are the challenges the Egyptian economy is currently facing?

Egypt is a very exciting economy and once the completion of the political roadmap and the necessary economic reforms are in place, we will witness sustainable growth in the Egyptian economy.

Does HSBC Group still see Egypt as attractive for new investment opportunities?