Ezzeldin: Next month will witness huge Canadian investments

CAIRO - 28 Sepbtember 2017: Fayez Ezzeldin, president of the Canadian Chamber of Commerce, asserted that Egypt is expected to see a boom in Canadian investment over the coming period after the recent economic reforms adopted by the Egyptian government, during his visit to Business Today.

He also discussed the Canadian investors’ reaction towards the flotation of the pound, which Ezzeldin asserted was an economic necessity that could not have been avoided.

Ezzeldin also asserted that next month will witness huge Canadian investments entering the market, worth billions of dollars in several sectors, most notably transportation, mining, and education.

"My biggest pride is that we have placed Egypt on the Canadian map, in terms of trade. Canada has the most advanced and cheapest mining technologies, which are used in the Egyptian Sukari mine,” Ezzeldin stated during the symposium.

He also stated that they aspire to establish the first gold mine in the Middle East, in Egypt; in addition to establishing a Canadian university in the New Capital in Egypt as well.

Finally, Ezzeldin asserted that the Canadian investments entering the Egyptian market will reach $10 billion within 2 to 3 years.