Egypt's hosting of the Davos World Economic Forum will benefit Egypt a lot, Economic expert Mounir Al Gzaerli told Youm7 newspaper Sunday. Al Gzaerli praised Sisi's initiatives during the forum, which was held in Jordan, and described them as a resounding success for the Egyptian president. "Egypt is in a race against time to complete major development projects", the expert said. He pointed out that the president's new economic reforms as well as those pertaining to investment legislation reassured foreign businessmen and motivated them to invest in the country. Sisi announced Friday that Egypt would host Davos May 2016 in Sharm El Sheikh. The forum is expected to tackle economic issues in the Middle East and North Africa.