The second half of the eighties saw the prelude to a major financial and economic reform. The comprehensive reform measures, undertaken since January 1991, ushered a new era of efficient economic management, financial discipline, and the framework for a dynamic, high growth economy. The first half of the nineties saw the culmination of the reforms of the previous decade into a full fledged, market based, liberal, privately led economy, that has means, the institutions and the capacities to face global competition in the Twenty-First century. Today, the economy of Egypt is poised to reap the benefits of these reforms with its acquired experience in dealing with the world and its sound and conscientious understanding of its variables. It has the will, it has the resources, it has a sustained reform program that will lead Egypt in the Twenty-First century.
Foreign investment is essential to the continued growth of our economy.
For this purpose, foreign investors, along with Egyptian investors, are actively encouraged to participate in the implementation of the ongoing reforms in our economy. Indeed, private investment is given the lead in expanding infrastructure in Egypt. The Government has committed itself to real growth rates of three times population growth has also committed itself to continued liberalization in the economy as well as higher standa, of living for all Egyptians. All this will require Egypt to be integrated in the global economy, which is competitive and open for business.