print logo
Egyptian Exchange indices responded strongly to president's decision; Investment bankers welcomed the recent developments.
27.10.21 | Interesting article at Daily News Egypt

Abu Bakr Imam, head of the research department at the investment bank Sigma Capital, stated that President Abdel Fattah Al-Sisi’s decision to lift the state of emergency in the country sends promising and reassuring messages to investors. Consequently, this would encourage and attract foreign investments as Egypt proves to be more stable politically, economically and socially. Over the past years, the Egyptian state was established major infrastructure to encourage local and foreign investment to establish multiple industries and projects.

He indicated that Egypt’s mental image in the heads of investors will be changing massively over the upcoming period after this decision, as investors are always looking for safety and security.