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  • 11-09-15

    Egypt to set new measures to overcome economic crisis

    (MENAFN) There's no doubt in mind that Egypt is currently facing an overwhelming crisis in terms of its economy in general, therefore serious thoroughly studied measures become a priority.

    It's been stressed by the Chairman of the Egyptian Housing and Development Bank (HDB) that work and production in particular are the only ways to pull Egypt out of its current crisis.

    He added that it is very important to reassure investors, providing them with extra incentives and exemptions to stimulate the economy and attract foreign investment, implying his sense of optimism towards the future in Egypt.

    "Under the wise leadership and political vision that began with the New Suez Canal, the Egyptian market has multiple resources. It is a vibrant market that is capable of achieving great development," said the Chairman in an interview.

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