Egyptian economy has promising horizons

UAE businessman Mohammad Alabbar said the Egyptian economy has promising horizons due to Egypt's vast potentials, its promising legislative structures and unprecedented growth opportunities in the coming phase.

He was speaking during his participation in the ringing the opening bell of the Egyptian Stock Exchange with the onset of trading of shares Emaar-Egypt company in the presence of Investment Minister Ashraf Salman and Bourse Chairman Mohammad Omran.

Alabbar said the listing of Emaar-Egypt shares in the Egyptian bourse is a strategic orientation based on the great potentials of Egypt's economy.

He voiced happiness over the move as it could provide the company with the capital needed to carry out its promising plans.

The Egyptian Bourse started on Sunday floating the shares of Emaar-Egypt For Development with a capital of EGP 4.61 billion, forcing the shares of the company to rise 5 percent and acquire 65 percent of the bourse trading on the opening of the day.
Source: MENA