It just needs some time to pass for investors to see that they are going to be treated fairly in Egypt. Tarek Allouba, senior projects officer in the International Finance Corporation's regional office in Cairo, believes that what has kept FDI flows into Egypt lower than expected has been the lack of well-structured projects, but said that this is changing. According to Allouba, many projects are currently able to get financing from local banks. Allouba believes foreign investors look at political and macro-economic stability before entering a market. Egypt has passed through seven consecutive years of sound economic measures and sustained implementation of policies.
All macro indicators are strong and encouraging.
What may still be hindering FDIs, whether in the form of equity or debt investment, are some bureaucratic hurdles. Even though progress has been made and laws passed to facilitate investment, more has to be done to make it easier for foreign investors to invest in Egypt.