Following former president Mohamed Morsi’s ousting in 2013, investments made under his command fell through according to a report by CCTV Africa. The country’s new president, Abdel Fatah el-Sisi, is making it a point to heighten transparency of economic reform and repair the damage that Egypt has endured. Attending the World Economic Forum, el-Sisi said that the country needs support in rebuilding.
“President el-Sisi assures many times in his speeches that Egypt is seeking to solve all the problems of the investors,” Ahmed Samy, a researcher at the Ahram Center For Strategic Studies told CCTV Africa. “Egypt now is keen to keep the old investment first, then to promote for the new investments.”