The Daily News Egypt
High-profile delegation explores investment opportunities at Hapi conference
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.