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What procedures does Egypt need to take to attract more investors? Dous noted also the necessity of having a communication platform with investors in all fields including foreign or Egyptian investors who lived abroad.
“The first thing that an investor needs to see when he decides to invest in Egypt is a database to know the current investments in the field he wants to enter, thus Egypt needs to have a government-owned system that provides all information to the investor about current investment opportunities in the field that he is interested in” said the Founder of Vernbro Global Investments, Inc. and chairperson of Delta Logistics Zone in Egypt, Ashraf Dous. He added during the “Egypt Can with Investments and Development," conference that commercial attachés affiliated to embassies should put more efforts in providing all the needed information to the investor to promote investment in Egypt. “We need to have an agriculture and manufacturing stock market [exchange] to regulate both domestic and global markets,” Dous asserted. He finally asserted that Egypt currently has a good investment climate that could absorb a lot of investments. Agreeing with Dous, Mohamed Okasha, Co-Owner and Director of TREND Group Turnkey projects, stated that Egypt is currently witnessing a very good business climate, having some recommendations to improve business and enhance the investment climate which should include investing in the technical education, and making partnerships with the foreign investors. He explained further that most of the multinational companies operating in Egypt started their business in the country by having small partnerships with Egyptian entrepreneurs and companies, which lead them to enlargen their investments in Egypt. "We need to promote all the investment opportunities available in Egypt," he asserted.
