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Over 600 investors, policy makers to participate in Euromoney conference Ashmore Group looks forward to investments in Egypt, says Middle East director at Euromoney Conference
The Euromoney Conference expects the attendance of more than 600 investment sector figures and policy makers from across the world, according to Victoria Behn, Director of Middle East Euromoney Conferences. Behn said the conference will look into issues of finances for the future, searching for alternative means for money flow in Egypt and inflation, as well as subsidy programmes applied by the Egyptian government. She noted that foreign direct investment (FDI) is one of the important sources of finance which will bring in money flow to the markets. She added that the Economic Summit that was held in March in Sharm El-Sheikh witnessed a large turnout of investors and businessmen, who declared their willingness to invest in Egypt. As an example, she added that Ashmore Group has $7.5bn in investments globally, and looks forward to investing in Egypt. "We received requests from many investors to participate in the conference from 20 countries, such as Malaysia, Indonesia, the US, Europe, Saudi Arabia and Berlin," Behn said. "The Euromoney Conferences have brought 5,000 investors and businessmen to Egypt, and linked them with investors and investment opportunities." Behn added that this year's Euromoney Conference in Egypt is special, as the conferences will celebrate 20 years in the Egyptian market. As part of this conference, short films made by external analysts will be shown, presenting risk analysis and indicators for the Egyptian market in the upcoming period. This is in addition to presentations regarding the Egyptian economy and its elements. The conference will see the presence of Egyptian Minister of Finance Hany Kadry Dimian, Minister of Investment Ashraf Salman, Middle East and North Africa President at Coca-Cola Curtis Ferguson, and Middle East Director at Ashmore Group John Sfakianakis, amongst other investors. Euromoney is a London-based international organisation listed on the London Stock Exchange, which works in local and international markets. The organisation is specialised in organising conferences in Saudi Arabia, Kuwait, Jordan, Egypt and other countries in the Middle East.
