- MB News
- October 28, 2011
- 3 minutes read
Egypt Brotherhood businessman: manufacturing is key | Agricultural Commodities | Reuters
Manufacturing, a trained labour force and enabling the private sector are the solution to Egypt’s economic slump, said Hasan Malek, one of the Muslim Brotherhood’s leading businessmen.
One of the main financiers and business strategists of the Brotherhood, Malek said the economic policies in force during Hosni Mubarak’s rule were on the right track, but were overshadowed by blatant corruption and a culture of favouritism.
"We avoided opening big factories and companies because it was easy for the regime to net us … and we could not grow our business then," Malek told Reuters. "That has changed."
With the Brotherhood expected to win a sizeable showing in the new parliament, investors wonder what economic policies the Islamist group’s Freedom and Justice Party might push for once it is elected..
