On 9-10 October 2012, Cairo saw the return of the Euromoney Egypt Conference: Restarting Investment, Sharing the Benefits of Growth. After almost two years of turbulence this was a reassuring turning point in putting aside the political uncertainty and looked into the building steps of remobilising the economy. For the first time since January 2011 the three key components that hold Egypt’s future economic direction: the government, members of the Muslim Brotherhood and the private sector were brought together. This in itself was a unique and major turning point in the history of the new Egypt. After the formation of the new government the time had come for creating a unilateral vision for Egypt. Determining the government’s vision and the national identity its people want to aspire to is a first step in a very long and challenging road to rebuilding the economy. Our aim was to create a platform for such a debate.
H.E. Hesham Kandil, Prime Minister, gave us the honour of opening the conference with an address outlining his economic plan, highlighting the prospects for the IMF loan and how he planned to use this for key reforms. His remarks were followed by addresses from H.E. Osama Saleh, Minister of Investment and H.E. Momtaz Al-Saied, Minister of Finance. Other notable speakers included Dr Hussein El Kazzaz, Adviser on Integrated Development, Office of the President, Tarek Amer, Chairman, National Bank of Egypt, Nidal Assar, Sub-Governor, Central Bank of Egypt and Mr James Moran, Ambassador of the European Union to Egypt.
One of the engaging parts of the conference saw refreshingly candid remarks during the one to one interviews with Dr Ahmed Heikal, Chairman and Founder, Citadel Capital followed by Hisham Ezz Al-Arab, Chairman and Managing Director, Commercial International Bank and others
The conference looked at key industry sectors including: manufacturing, ICT, SMEs and islamic finance, oil and gas development, real estate, energy and tourism. There was a strong consensus on resolving current issues, standardising processes and more flexible policies and training quality of the workforce. These discussions were complimented by day two topics which covered banking and finance and capital markets.
The conference had a strong turnout and brought together over 1,000 delegates compromising of government representatives, the Egyptian private sector, international financiers and corporate leaders. This reiterated Euromoney’s longevity and furthermore the need more than ever for an open and transparent debate on Egypt’s economy.
We would like to thank all of our sponsors for working with us on this conference and we hope this will go some way in getting Egypt back on track and help give confidence to the international business community and gain back trust. We look forward to being a part of this journey.
For information regarding speaking or sponsorship opportunities in 2013 please email Victoria Behn: email@example.com or call +44 (0) 20 7779 8571.