The trial of former Egyptian President Hosni Mubarak is a positive indication to the beginning of applying democracy in Egypt after the January 25 Revolution, said financial analyst Mohsen Adel. Adel said Egypt must create a plan to recover from the current economic crisis. This plan must include political and economical reforms, ways or funds to cover the budget deficit, revive production, and find solutions for sectarian protests. “Mubarak's trial presents an attractive picture for foreign investors. It shows that Egypt is a democratic country,” said Adel. “Egypt is a fertile market for foreign investment. The Egyptian economy will recover after political affairs are stable,” he added. Adel also said that holding trails must coincide with economic procedures to revive the Egyptian economy. These procedures may include encouraging policies for investors, solving fund problems and facilitating lands license procedures. Adel said the Egyptian government should be supplied with experts to arrange clear plans for political and economic policies and to find out way to apply them during the current transitional government. Adel also called to adopt a new model for economic development that focuses on developing agricultural and industrial sectors. These sectors contribute by 90 percent in providing jobs in Turkey and Malaysia, but only 40 percent in the Arab world. Adel listed ways that would help the Egyptian government cover the budget deficit, such as borrowing funds from the World Bank (WB) and other regional financial organizations. "The budget deficit resulted from the gap between investments and savings,” said Adel. “It can be covered by attracting foreign investment directly and indirectly.
