High-pro­file del­e­ga­tion ex­plores in­vest­ment op­por­tu­ni­ties at Hapi con­fer­ence

The Daily News Egypt - - Business -

The Hapi in­vest­ment con­fer­ence, to be held on 29 April, aims to pro­vide an op­por­tu­nity to present and dis­cuss em­ploy­ment op­por­tu­ni­ties and part­ner­ships be­tween in­vestors, as well as Egypt’s com­pet­i­tive­ness level in fa­cil­i­tat­ing busi­ness pro­cesses.

The con­fer­ence will be held at the Nile Ritz-Carl­ton and un­der the aus­pices of Sa­har Nasr, min­is­ter of in­vest­ment, Yasser El-Kady, min­is­ter of com­mu­ni­ca­tions and in­for­ma­tion tech­nol­ogy, Khaled Badawi, min­is­ter of pub­lic sec­tor af­fairs, the Egyp­tian Fi­nan­cial Reg­u­la­tory Au­thor­ity (FRA), the Egyp­tian Ex­change (EGX) and the In­sur­ance Fed­er­a­tion of Egypt.

KhaledAl Nashar, deputy chair­per­son of the FRA, will present the au­thor­ity’s fu­ture plans in terms of non-bank­ing fi­nan­cial ac­tiv­i­ties and re­lated is­sues, in ad­di­tion to strength­en­ing its su­per­vi­sory role in light of the rapid growth in fi­nan­cial and fund­ing mar­kets.

Mohsen Adel, vice pres­i­dent of the EGX, will also re­view Egypt’s plans to at­tract more com­pa­nies to be listed on the stock ex­change, and the stock ex­change’s new fi­nan­cial in­stru­ments and plans. Ad­di­tion­ally, the first deputy of the Pub­lic Sec­tor Af­fairs Min­istry, Mo­hamed Has­souna, will de­liver a speech dur­ing the con­fer­ence.

The con­fer­ence will also be at­tended by Hani Al Zuhairi, chair­per­son of the In­sur­ance Fed­er­a­tion of Egypt; Karim He­lal, chair­per­son of the Asia-Egypt Busi­ness As­so­ci­a­tion; Hany Tawfek, for­mer chair­per­son of Egyp­tian Pri­vate Eq­uity As­so­ci­a­tion; Maged Shawky, vice chair­per­son of Bel­tone Fi­nan­cial Hold­ing; and Ma­herAsham, pres­i­dent of Egypt for In­for­ma­tion Dis­sem­i­na­tion (EGID).

The con­fer­ence will host a large num­ber of ma­jor busi­nessper­sons from var­i­ous sec­tors, such as fi­nance, real es­tate, in­dus­try, en­ergy, telecom­mu­ni­ca­tions, and au­to­mo­biles. They will de­liver speeches at the con­fer­ence along­side the of­fi­cials and rep­re­sen­ta­tives of Egyp­tian and for­eign as­so­ci­a­tions.

The idea be­hind the Hapi con­fer­ence is based on mo­bil­is­ing rep­re­sen­ta­tives of Arab, African, Asian, Amer­i­can, and Euro­pean in­vest­ment as­so­ci­a­tions in three ses­sions. They will dis­cuss the fu­ture of for­eign in­vest­ment in Egypt, Egyp­tian and for­eign com­pa­nies’ plans in the com­ing pe­riod, and busi­ness con­glom­er­ates in Egypt.

The first ses­sion will dis­cuss Egypt’s po­si­tion on the Ara­bian Gulf’s in­vest­ments map this year, and the eco­nomic sec­tors that most at­tract Arab and Gulf in­vestors, rais­ing a ques­tion of whether the non-bank­ing fi­nan­cial sec­tor in Egypt grasps the in­ter­est of the Gulf as much as the bank­ing sec­tor.

The sec­ond ses­sion will fo­cus on the Euro­pean and Amer­i­can busi­ness rep­re­sen­ta­tives’ vi­sion of the in­vest­ment en­vi­ron­ment in Egypt in light of the eco­nomic re­form pro­gramme. It will also re­view op­por­tu­ni­ties for max­imis­ing ben­e­fits of in­vest­ment port­fo­lios that tar­get the Mid­dle East mar­kets.

The third ses­sion will dis­cuss the pri­vate sec­tor’s abil­ity to ben­e­fit from the govern­ment’s in­ter­est in joint eco­nomic re­la­tions with Asia and Africa through ex­am­in­ing the chal­lenges and op­por­tu­ni­ties in the most at­trac­tive sec­tors of Afro-Asian cap­i­tals.

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