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| Mohamed Morsy, Egyptian President |
The official spokesperson of Egypt’s President Yasser Ali said in his
interview to the state-run news agency MENA that Mohamed Morsy is planning to
visit European Belgium and Italy next week in order to reinvigorate the
relationships between Egypt and the countries of European Union.
One of the aims of this visit is also the attempt to attract foreign investments
needed now for the restoring and developing of Egyptian economy which has
significantly deteriorated during last time. Egyptian authorities are keen to
build the balanced foreign policy and to cooperate with European countries.
Morsy’s visit to Belgium and Italy has also to ensure EU countries that
Egyptian authorities will protect and facilitate the investments.
Yasser Ali also stated that this visit demonstrates the steps of Mohamed
Morsy and his government to implement his political program aiming at
development of the country with all its segments, such as economical, social
and political stability.
Morsy’s upcoming visit to Europe is a part of
his foreign and economic policy and shows his determination to boost Egypt’s
economy. It’s worth mentioning, that Mohamed Morsy visited recently China and
ensured Egypt Chinese financial support and cooperation. Special technical team
of IMF (International Monetary Fund) is also expected to arrive in Cairo in
September to study the issue of Egyptian economic situation and the program of
reforms in the framework of the negotiations between Egypt and IMF over the $
4.8 billion aid for restoring Egyptian suffering economy. Egypt is also granted
financial support from the Gulf countries, such as Qatar. Qatar’s foreign
minister stated that his country is planning to invest nearly $18 billion in
Egyptian economy (in its energy, tourism and other sector of the country’s
economy).
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