Success of Egyptian businessmen is most important propaganda for foreign investment: Ayman Al-Gamil

CAIRO – 28 April 2021: Successes of the private sector and Egyptian investors in all sectors of the economy have redrawn a new image of Egypt, and presented it to the economic and investment markets in the region and the world, as it is one of the most stable and growing business environments, given its stability throughout the previous years and during the crises, the most recent of which was corona pandemic, according to Businessman Ayman Al-Gamil.

Al-Gamil referred to Egypt’s unprecedented growth rates in a contractionary climate regionally and globally, adding that Egypt is progressing on indicators of development, competitiveness, business establishment, transparency and ease of procedures.

The businessman added that the state has come a long way in terms of creating the Egyptian business environment, improving market performance and competitiveness in relation to surrounding markets, through a package of new legislation for investment laws, facilitating procedures for licensing and project follow-up, granting financial and tax incentives and benefits, and most importantly planning and the launch of dozens of advanced industrial and investment zones and complexes, which allowed for a real boom in the rates of investment, production and project growth.

"Thanks to this modern investment and development policy, Egypt reached growth rates of approximately 6% before the Corona crisis, and is currently maintaining positive growth despite the pressures of the epidemic, and has created millions of jobs since 2014, and doubled GDP, revenues, the general budget and investment spending, and now it has become an attractive destination for investors from Egypt and abroad alike,” he added.

Al-Gamil emphasized that many Egyptian companies and economic groups have achieved great success during the past years, providing the best possible marketing for the market, the business environment and investment in Egypt, because success and the stability of projects and their growth are the best possible marketing for the markets, instead of theoretical messages and promotional campaigns paid through the media.

He added that one project that flourishes on the ground can be more feasible and beneficial than dozens of propaganda campaigns, and with this logic, every company and investor who works, succeeds and profits in Egypt, has a responsibility to be an ambassador for the Egyptian economy, and to make sure, through his practical, social and media performance, to convey the true positive image of the market, and to enhance the state's efforts to attract companies and investors, raise investment and growth indicators, and establish projects.

He called on every investor, company and businessman in the private sector to support the development efforts of the state, strive to revitalize the market, and provide the best advertising and marketing image for the national economy and investment in Egypt, in order to attract more companies and capital, double output, growth and opportunities, and improve the livelihood of millions of citizens, including Future reflected on the investment and the investors themselves.