21/02/1999
Al-Ahram Newspaper 1999/FEBRUARY /21
Due to the current international economic climate the forum plans to study the actual reality of investment in Egypt. Investors in Egypt are convinced of the necessity to continue the expansion of investment despite the circumstances affecting the national economy. Government must play a role by strengthening control and establishing bridges of cooperation between Customs and the Industrial Chambers.(Available in Arabic – German in PDF )
This forum plans to study the actual reality of investment in Egypt and its future aspirations due to the current international economic climate. This is necessary when preparing future plans regarding investment in Egypt. Investors in Egypt are convinced of the necessity to continue expanding investment despite any circumstances that affect the national economy. Egypt was affected by the collapse of the economy in South Asian countries. It became a target for products from industrial countries when they lost their Far East markets. This made an impact on cost and competitive capabilities at home and abroad. The future perspective for expansion of current investment projects and the establishment of new projects is the drop in volume liquidity in the market and the creation of an exaggerated demand for the dollar which results from funding smuggled goods. Government must take control by strengthening control and establishing bridges of cooperation between Customs and the Industrial Chambers, thus defending Egypt’s national production.