Waleed Zaky, chief executive officer of Egypt’s Pioneers Holding said Gulf-based investors are showing great interest in investing in Egypt.
GCC nationals are focusing currently on infrastructure, energy generation, building materials, foodstuff and housing projects, Zaky added. He noted that the drop in global oil prices prompted several GCC investment bodies to seek other investment opportunities in light of Egypt’s promising market.
During its latest roadshow in the Gulf region, Pioneers have updated investors about the developments in the Egyptian economy as well as the reforms carried out at the levels of legislations and regulations. It also reviewed the steps taken by the market regulator EFSA and the Egyptian Exchange (EGX) as regards amendments to the listing rules, according to the top official.
Pioneers’ roadshow, which included several GCC countries, the last of which was the UAE, was aimed at promoting investments in Egypt.