“Marked” improvement in investor confidence in Egypt -EFG’s CEO

Investor confidence in Egypt is showing a “marked improvement,” EFG Hermes Group CEO Karim Awad said at EFG Hermes’ Egypt Day conference yesterday.

Awad pointed to international institutions’ positive growth outlook for Egypt and the government’s progress on its economic reform program as having a significant positive impact on the business climate.

Karim Awad affirmed Hermes Holding’s commitment to its role in supporting the government’s efforts to attract international investments and drive growth in the local market.

Awad praised the good steps taken by the Egyptian government for economic reform, which resulted in tangible positive transformations, whose positive impact was noticeably reflected on the confidence of investment institutions in the Egyptian market.