Goldman Sachs, a global investment banking and securities firm, said it is optimistic about the future of the Egyptian stock exchange and economy. These statements were made at the conclusion of a series of meetings an Egyptian Exchange delegation made in London on Thursday.
Brian Griffiths, a Goldman Sachs international advisor, said Egypt’s location and advantages ensure it will remain a strong market and a favorite destination for investors and businessmen looking for revenues in young markets.
According to a statement issued on Friday by the Egyptian Exchange, the delegation met with officials from 46 financial institutions. The meetings centered on opportunities for foreign investors, investment banks and financial institutions.
Osama Saleh, head of Egypt's General Authority for Investment and a member of the delegation, said Egypt is seeking to attract new investments and redraw its investments map through introducing mechanisms to protect investors and investments.
Specialized analysts and experts expect the political developments in Egypt to impact the value of Egyptian stocks this week, saying they predict the benchmark index to gain 5600 points as a result of news about economic aid to Egypt.
Translated from the Arabic Edition
