Being a prominent businessman in the tourism sector, how would you evaluate the current business environment in Egypt?
Mr. Balbaa: There are many improvements in the business environment in general and many changes have taken place. The government knows exactly what to do and the priorities are clear for everybody now. Over the past couple of years the Egyptian government has been trying to attract foreigners to invest in Egypt and laws have been implemented to explain to investors why they should invest in Egypt. The current business environment in Egypt is nourishing and encouraging, not only for the foreigners but Egyptians themselves. Balbaa Group, for example, has 5 projects under development at the moment. This goes back to the current cabinet. Dr. Nazif’s government was able to establish this reputation for Egypt and did in fact attract millions of dollars to be invested in Egypt in the coming years. I believe that the future of Egypt is promising and I envision Egypt prospering in the coming decade in all industries, especially in real estate and tourism. P.M. Communications: What do you think
