As an attractive rising emerging market, the speakers tackled investment opportunities available in Egypt and discussed cross-border trade headwinds that have brought about a “New Normal” across regional markets and economies.
Mr. Farid presented the economic reforms plan the Egyptian government is adopting, praising the role investment funds are playing to increase investment flows to Egypt. He stated that EGX is awaiting more investments to EGX through the Egyptian government IPOs program. Elaborating that EGX is expected to receive about 5 IPOs worth about EGP25 billion.
Mr. Mohamed Farid Saleh said “Egypt is one of the world’s fastest growing emerging markets and economies, whilst the UAE is at the forefront of innovation and modernization. We were very happy to be a part of this discussion and work together with SHUAA Capital to strengthen our connection to the UAE”. Adding, “As we find ourselves at an important crossroads in the evolution of the country’s markets, EGX continues to actively work on its development plan that is based on 3 pillars; attracting new IPOs to EGX’s platform, improving the trading environment, and expanding the channels of communication with local and international financial institutions”.
The EGX Chairman closed his word with praising the role of investment funds in directing investment flows to Egypt and encouraging foreign investors to direct their investments to the coming IPOs.