HSBC Group believes in long-term future of Egypt

HSBC Group believes in the long-term future of Egypt, said Mona El-Sayed, Head of Commercial Banking, HSBC Bank Egypt during her speech in the Invest in Egypt Conference on Thursday.

El-Sayed added that the bank remains committed to investing in the growth of its business in the country.

HSBC sees a lot of growth opportunities for Egypt and view it as an attractive market for investers, El-Sayed said. She attributes Egypt's favourable demographics, strong industrial base, current and emerging trading partners and strong international connectivity as a reason for this outlook.

"A project like Suez Canal and the development of the area's industrial zones offer an anchor for Egypt's development strategy and could act as a potential draw for foreign investment in addition to further infrastructure and public utilities projects that are currently in the pipeline," added El-Sayed.