Egypt’s Investors Back Sisi to Protect State: Abou El-Enein

Egyptian Tycoon Mohamed Abou El-Enein, Chairman of the Egyptian-European Business Council, announced, on behalf of all patriotic Egypt’s investors, his support to all decisions made by President Abdel Fattah El Sisi to protect the state national security.

These remarks came in light of the current regional and international political scene, especially following the Turkish parliament’s approval to send troops to Libya.

In his speech, Abou El-Enein said: "We back the president and we are all ready to sacrifice our souls for the sake of our homeland."

He also paid tribute to the heroic leader ‘Sisi’ who is outlining a bright future to Egypt and facing external and internal conspiracies plotted against it in order to preserve the stability and safety of its people.

Abou El-Enein pointed out that the investors in the tourism sector have incurred heavy losses due to many challenges that negatively affected the return of big numbers of tourists to Egypt.

He also urged the government to provide rapid solutions aimed to ease the flow of tourists to Egypt and create a real boom in the tourism sector through offering unprecedented incentives and privileges for investors, who bore a lot of burdens, which are represented in the high wages, taxes, expenses, and the loans interests, in addition to the liberation of exchange rates and the closure of a number of hotels.

The renowned businessman noted also that there are many indicators that confirm that we are on the right path, adding that 2020 will be the year of prosperity for Egyptian tourism, especially after the lift of ban imposed on British flights to Sharm El Sheikh.

Abou El-Enein pointed out that Sisi, during the last period, paid much attention to the Egyptian economic file, with a view to enhancing the investment climate in Egypt through drafting a new investment law aimed at facilitating the industrial investment climate and announcing 2020 a year of industry.

He concluded that Egypt deserves to be one of the most tourist-attracting countries due to its great archaeological treasures and unique history.

Contributed by Ali Abu Dashish