Egypt Ready for Foreign Investments, FJP Chairman

Dr. Mohamed Morsi, the Chairman of Freedom and Justice Party (FJP), received on Monday, August 1, a delegation from the Indian embassy headed by R. Swaminathan, Indian Ambassador to Cairo, and Pritam Lal, head of commercial division at the Indian embassy .

After congratulating Dr.Morsi for establishing the party, the Indian Ambassador stressed that the strong economic cooperation between Egypt and his country boosts bilateral relations as the volume of trade exchange between the two countries exceeded more than 3 million dollars, pointing that the biggest Indian investments are located in Port Said, particularly in chemical production projects, with investments reaching more than 1.5 million dollars.

On his part, Dr.Morsi stressed that Egypt is stable and suitable for foreign investments, unlike what some media reports portray.

 

Furthermore, Morsi added that the educational system in Egypt is strong, however, it’s not properly run and it has the real potential to change.

 

Morsi stated that that no decision has been made to support any of candidates for the presidency. He said: “till now we don’t find any real presidential candidate, as the last regime didn’t give any one the chance to be qualified for this position”.

 

Morsi also denied any problems between the Freedom and Justice Party and Europeans or Americans, however, the party rejects financial support to activists groups and NGOs because it’s not in the interest of Egypt.