President Abdel Fatah al-Sisi stated that Egypt is the gate to Africa and the Middle East, adding that the country has all the sources of energy, modern infrastructure, new road networks, efficient port and airports as well as new cities.
Sisi also stressed on the provision of the legislative environment in Egypt right now, referring to the low labor cost.
Egypt’s president met 16 Austrian companies that are operating in Egypt, and a number of Egyptian businessmen, who are members of the Egyptian Austrian business council, on Wednesday.
Sisi emphasized Egypt’s balanced foreign policy with all countries in the Middle East, Presidential Spokesman Bassem Rady said in press statements.
According to Rady, Sisi described these relationships as balanced, constructive, and based on development, mutual respect and cooperation.
The president of Egypt stressed the importance of settling part of the Austrian expertise and industries in Egypt to guarantee sustainability and good prices.
Rady added that Sisi reviewed in the meeting the investment opportunities in Egypt during the current period and the procedures taken by the government to facilitate foreign investors’ woes, including doubling the price of the dollar and solving the problem of remittances of foreign companies’ profits abroad.
He also reviewed the national projects such as sanitation projects, in addition to reviewing the investment opportunities of the economic zone of the Suez Canal and the new Canal which saves time for ships.
Austrian companies which attended the meeting are operating in the fields of energy, railway, industry, agriculture and sanitation.
Sisi referred to the size of the Egyptian market, saying that it’s one of the biggest markets in the region that includes 100 million citizens, asserting that Egypt is the gate to Africa and has several agreements with important regional and international groups.
Rady said that there is big trust between Egypt and the African Countries, adding that the political leadership in Egypt is able to become a successful factor for any foreign investor.
The attending investors praised the outcomes of the meeting with Sisi in Vienna, according to MENA.