Sunday 8 December 2013

Will Gulf Investment Return To Egypt? - OpEd Eurasia Review

Will Gulf Investment Return To Egypt? - OpEd Eurasia Review:

"I write this week from Cairo, where the Egypt-Gulf Investment Forum was held to discuss investment opportunities in Egypt. The meeting was timely, because Egypt has suffered greatly over the past two years as investment flows slowed down and investors became apprehensive about returning to Egypt waiting for the dust to settle.

Given those circumstances, it was surprising to see how well attended the forum was. Organizers estimated that 1,400 businesspeople took part, including about 400 from the GCC countries. Egypt’s Prime Minister Hazem Al-Biblawi and most of his cabinet members were also in attendance.

There was an upbeat mood at the forum, which was held in a resort just outside the hustle and bustle (and daily demonstrations) of Cairo. The conclusion of the constitutional conference, known as the “Committee of 50,” the day before the forum opened buoyed the mood. The committee agreed to a draft constitution, which will be put for referendum in coming weeks. Its chairman was at the forum to celebrate that milestone."

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