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'Pionniers dans l'établissement d'entreprises en Égypte

The Board of Directors of Sahat Al Madin Company reassures its clients and partners that investment in Egypt, especially in recent years, has witnessed several legislative and institutional reforms.

The Board of Directors of Sahat Al Madin Company reassures our customers and partners that investment in Egypt, especially in recent years, has witnessed numerous legislative and institutional reforms.

1

The Board of Directors of Sahat Al Madin Company in Cairo, under the leadership of Mr. Mohammed bin Rashid bin Adwan Al Mazibri, appreciates the Egyptian efforts to improve the investment climate in Egypt. The Board of Directors stated that the investment climate in Egypt, especially in recent years, has seen numerous legislative and institutional reforms aimed at facilitating and simplifying procedures for investors. These reforms have contributed to achieving positive results in the field of company establishment in terms of time, cost, and the number of procedures required to start business activities. As a result of these reforms, Egypt successfully made a significant leap in the Ease of Doing Business index, ranking 90th instead of 109th in the 2019 report.

2

Engineer Hassan Fouad Al-Sabbagh, the Director of the Cairo branch of Sahat Al Madin Company, emphasized that the Egyptian economy is one of the most diversified economies in the Middle East and North Africa. The Egyptian economy has become stronger due to this diversity, with noticeable growth in various sectors, ensuring prosperity and sustainability across different industries. Furthermore, the Egyptian economy has demonstrated the ability to achieve real and positive economic growth rates in the face of global economic downturns and disruptions during the period from 2011 to 2013 and the COVID-19 pandemic since the beginning of 2019. All of this highlights the Egyptian economy's agility in responding to changing circumstances.

3

Egypt has recently adopted an ambitious reform plan to ensure financial sustainability and address any imbalances in the overall economy. The aim is to reduce economic risks and boost investor confidence. The government has also implemented an intensive promotion strategy with three dimensions: business reform, attracting foreign direct investment, and investor support.

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