Egypt luring foreign investment
PRESIDENT EL SISI WANTS TO UNLOCK THE POTENTIAL IN HIS COUNTRY’S ENERGY SECTOR
OIL & GAS FINANCIAL JOURNAL: January 25th marked the
sixth year of strong street manifestations, a day that changed
the course of Egypt’s contemporary history. As the elected
President of Egypt, today, how would you define the moment
that Egypt is witnessing institutionally?
PRESIDENT EL SISI: After the June 30, 2013 revolution, which
called for the rectification of the transitional path that began
with the 25 January Revolution, a political roadmap was agreed
upon by national stakeholders to return Egypt to a sound
democratic path. The three milestones of the “Roadmap for the
Future” included endorsing a new constitution for Egypt, holding
presidential elections, and holding parliamentary elections.
We successfully endorsed a new constitution that was approved by an overwhelming majority in January 2014. It encom-passes unprecedented clauses in terms of enhancing the rule
of law and democracy, as well as enforcing the principle of
separation of powers. It also guarantees equality before the law
and that citizenship is the basis by which the State interacts
with the people.
In May 2014, Egypt accomplished the second milestone with
the completion of presidential elections, and in 2015 the House
of Representatives was elected to undertake its legislative and
Egypt is keen on entrenching the values of democracy and
human rights and upholding the rule of law. The rule of law
based on justice and equality is a priority to the Egyptian gov-
EDITOR’S NOTE: The Focus Reports editorial team recently interviewed President Abdel Fattah El Sisi of the Arab Republic
of Egypt in Cairo. Egypt has implemented a series of reforms
aimed at reducing the budget deficit, creating jobs, and attracting foreign investment. The President has emphasized the
importance of upgrading his country’s energy sector.
Egypt’s President El Sisi met
with US President Donald Trump
at the White House in April.