Egypt faces major challenges to achieve economic progress

Egypt's President Abdel Fattah El Sisi asserted on Friday that Egypt faces major challenges to achieve economic progress, urging Egyptians to work hard.

He made the remarks during his participation in a meeting of the Egyptian-Hungarian Business Council.

Sisi unveiled that he discussed with Hungarian Prime Minister Viktor Orban available investment opportunities in Egypt.

During the talks, Sisi stressed that foreign investors especially the Hungarian look forward to see stable situation in Egypt to invest.

Sisi pointed out that Egyptians are eager to move ahead with achieving a leading economic status, adding that the stability in Egypt was restored thanks to the awareness of the Egyptian people and the ability of the security bodies.

Sisi noted that the strong army and Police institutions protected the country from dragging into unknown fate.

He called on the Hungarian investors to do more investment in Egypt to help in reviving the Egyptian economy.

The Egyptian government has taken several legal procedures to lure more investors, he underlined.

Promoting investment and establishing many projects will led to bringing about stability, solving the unemployment crisis, reducing the poverty rates and eventually uprooting violence and terrorism, the Egyptian leader underlined.

An Egyptian strategic vision to link the whole African through the railways was tackled by Sisi and Orban .

Businessmen who will invest in the Egyptian market and the mega national projects including, the new Suez Canal project would significantly contribute to boosting the Egyptian economy, he noticed.

They agreed to increase the bilateral cooperation and investments, according to Sisi.

For his part, Hungarian Prime Minister Viktor Orban linked the stability of Egypt to the stability in the Mediterranean, especially in Europe.

He wished Sisi and the Egyptian government more success in making necessary reforms to achieve stability and development.
Source: MENA