19/11/2012
Al-Alam Alyom Newspaper 2012/NOVEMBER /19
On the margin of European Egyptian committee meetings held in Cairo in the half of November 2012, Al Alam El youm journal made an interview with Dr. Eng. Nader Riad, European Egyptian business organization union President. The interview tackled the economic status in Egypt, Foreign investments in Egypt as well as mutual cooperation opportunities. .(Available in Arabic-German in PDF)
Dr. Nader Riad stressed in his interview on the necessity of preparing a list of priorities of the private projects needed by the country to complete the fundamental economic superstructure to provide it to the European companies pointing that issuance of an administrative court rule cancelling „El Sokkari“ contract proves that it ’s issued from a court that might be unspecialized, besides, issuance of a cancelling resolution for whatever contracting the Egyptian government is a partner in, is a matter that affects the country’s sovereignty, it is as if a sound bomb that bombs to fear all investors demanding the necessity of the return of permission act of Investment minister related to dealing with rules issued against investor and foreign companies in order to reduce whatever reckless accusations harm the foreign investor. Dr. Nader Riad pointed that economic security in this accurate stage is demanded to rerun machinery and equipment in plants. Dr. Nader Riad clarified that current European investments are able to be widened but when we see that the touristic investments are stopped in full and we see that the country never performs its security role as well as chaos in dealing with employees in terms of announcement of their anger from employers, this leads whatever investor even if he were Egyptian, to close his record books and go on a holiday even if it were for two years as well as freeze his activity.