Egypt’s economic summit will be held in Sharm el-Sheikh from 13 to 15 March under the title ‘Egypt the Future’, according to Prime Minister Ibrahim Mehleb. Mehleb added that “Egypt is moving steadily toward economic recovery under its roadmap to improve the business climate”. It strengthens investor confidence in the Egyptian economy and paves the way for implementation of real and comprehensive economic and social reforms. The conference will focus on developing various sectors of the economy, as well as energy, healthcare and education, all issues that Egypt has struggled to address, especially in the past three years of political turmoil and economic stagnation. Ahead of the global gathering, meant to lure direly needed investments into a cash-strapped economy, Egypt is looking to settle disputes with investors and instill a sense of confidence that their interests will be protected, according to MENA. Minister of Investment Ashraf Salman said that this all comes as part of recent reforms aimed at reducing the deficit, including energy subsidy reforms and the introduction of a Value Added Tax. The government has completed the proposals of 28 projects with the help of private equity firms, to be…
