Egypt’s Minister of Planning and Economic Development asserted through her speech delivered on the sidelines of the UK-Africa Investment Summit 2020 in London on Tuesday that the current time is the best for investment in Egypt.
She added that the economic reforms undertaken by the Egyptian state made Egypt as one of the ten most developing countries on the level of emerging economies.
El Said explained that Egypt currently has a very large market, 60% of which are youth, explaining that the whole world is looking at investment in human capital, which has become the future vision of all economies.
El Said added that Egypt has undertaken a wide range of reforms to invest in infrastructure, including the development of the road network as well as investment in electricity and energy in addition to the Suez Canal economic zone project.
“The Suez Canal economic zone is considered as a gateway to investment in Africa, which contributes to making Egypt a promising market with distinguished human capital and youth,” El Said explained.
Minister of Planning and Economic Development and chairperson of The Sovereign Fund of Egypt (TSFE) Dr. Hala El Said witnessed on Monday the signing of a Memorandum of Understanding (MoU) between the Fund and Actis – a UK-based emerging markets investor to enhance future investments in several sectors in Egypt.
This came on the sidelines of the participation of H.E. Dr. Hala El Said, minister of planning in the activities of the UK-Africa Investment Summit 2020 in London.