READER COMMENTS

The efforts are currently ongoing in Egypt in an attempt to stimulate and improve the economic conditions although such a process will face a lot of challenges and hurdles such as the excessive population increase. In fact, parallel efforts are currently made in order to solve this problem appropriately so that we will not continue giving birth to generations which will not enjoy any prosperity or recovery. Indeed, since overpopulation will consume any production increase, this represents one of the most important challenges that face the economy. In fact, there is no benefit from starting new projects, stimulating the economy and increasing production on the one hand, while citizens do not feel any improvement or progress in the country’s economy or enjoy at least the access of products more easily and cheaply.

We know quite well the how much of an impact an increase in investments of the Gulf countries in Egypt will have in the current period, as there are major shortages and deteriorating conditions that the country is suffering from that have led to widespread unemployment. Investments, which are on the rise in the country, lead to the creation of job opportunities, which in turn leads to a decrease in unemployment numbers and an increase in the country’s reserve currencies, which improves Egypt’s economic and trade ratings and leads to increased confidence in the tourism sector, which will enhance Egypt’s economy and tourism in the region, and restore Egypt’s leading position, which is necessary for it to regain in the region. This will lead to an increase in trade between the Gulf countries and Egypt, which will enhance the strong role that these Gulf investments are playing in the region. There are many Arab tourism companies that are waiting for the political situation to stabilize in Egypt and for the government institutions to be completed, after which they will come in with their investments in the Egyptian tourism and real estate sectors, which will lead to the creation of many jobs and the improvement and revitalization of the economy in Egypt in a significant manner. If the Gulf investments in Egypt are successful, this will attract even more foreign investments, which will most certainly help improve investments in Egypt and cause its economy to become stronger. As such, the Gulf investments will have a significant and effective impact on the Egyptian economy as they will provide solutions to problems that need to be solved at all costs in this period of time, which is why it is necessary that the government make efforts in order to implement these investments and sign agreements as soon as possible, as this will lead to the improvement of the Egyptian economy towards a better future.

No doubt that Gulf investments in Egypt will have a radical effect on solving many problems, of which the most important may be the unemployment problem, from which large sectors of Egyptians are suffering. So, we call upon the Egyptian government and concerned services to facilitate these Gulf investments in Egypt, which will refresh Egypt’s economy in the coming days.

Undoubtedly, the Gulf investments in Egypt will develop and boost the economy of this country considerably. Hopefully, the Egyptian economy will recover soon. Indeed, in any country, the economic recovery depends on foreign investment. The individual nations could not rely solely on their capacities. They depend on foreign investment. For this reason, they stimulate investment and construction. They seek financial resources from abroad in order to ensure the recovery of their economy. As far as Egypt is concerned, it is inevitable to make partnerships with the fellow Gulf investors given their huge wealth. Besides, the Gulf businessmen are already investing in all countries on the planet. As soon as they agree to invest, the economic cooperation between the two parties will be revived.

The Prophet, peace be upon him, says that the relationship between the Muslim and his fellows should be similar to the relation between the organs of the body; “Whenever an organ is unwell, the rest of the body would create fever”. This quote proves that the Muslim world, especially the Arab countries, is urged to stand united. Indeed, the Arabs have many things in common such as religion, geographical location, and origins. For this reason, we note that the events that affect one Arab country would systematically influence the others. In this respect, the increased Gulf investments in the various fields affect the Egyptian economy considerably. Indeed, Egypt represents the source of workforce and a significant market place for the Gulf investors on which the recovery of the Common Market depends. Unfortunately, the partnership between some countries remained vulnerable because of the frequent disputes between those nations. Sometimes, the disputes are fabricated by other parties which see their interests in breaking the relationship between Arab partners in order to monopolize progress. For this reason, the Arabs are supposed to keep united, reinforce their relations and promote the national awareness. Indeed, cooperation and unity are very important. They enable the Arabs to keep peace and security in the region. On the other hand, the Arab authorities should ensure effective education in order to create economic integration. They should provide skilled labor in particular fields in order to cover the needs of the other countries. The host countries should not deny the rights of the Arab workforce. In other words, they must protect them physically, psychologically and materially. In so doing, the investing State would ensure the presence of efficient and qualified personnel, who meet their technical requirements. The technical cooperation must be based on explicit, realistic and fair contracts in order to ensure its continuity, evolution and the development of competence, which serves the interests of all parties. Egypt should provide skilled workforce and avoid the total dependence on the Gulf investments in the country. The Egyptians should also encourage the national investment. In fact, the authorities sold the Toshka. Nevertheless, this investment was not fair since the contract failed to preserve the rights of both parties.

The wheel of investment is currently increasing in the Gulf. It is keeping pace with the Global Investment movement and the increase of the degree of awareness and rate of education. In fact, this increase may have a negative or positive impact on the Egyptian economy. If they rely on non-Egyptian labor and the investments are in areas that compete with the Egyptian production, this will inevitably have a negative impact on the Egyptian economy. Yet, it will be positive if this investment is done in parallel with an Egyptian-Gulf cooperation in terms of integrated industries and the marketing of goods in common markets, certainly within the frame of a human cooperation in terms of Egyptian labor. Indeed, this will be fulfilled only through ensuring strong relationships between both parties at the presidential as well as the popular levels. This will also require a parallel development and demand since economic growth in the one side must be matched by the same growth in the other side or economic integration. It means that if the investment in oil industry and the scientific development of the developed labor in Egypt are parallel to this demand, a kind of harmony and consensus will occur, serve the interest and increase the national income of both parties.

The foreign investments are necessary in order to improve the future of Egypt to the best especially since Egypt, for the time being, suffers from many economic problems which have a large impact on many Egyptian fields. The Egyptian economy is in need of investment projects from the country that has a financial capacity in order to boost the economy to become better. There is a cooperation prevailing between Egypt and the Gulf countries and it is neither a political nor an economic relation but more of a brotherly relation. We all know that Egypt is the heart of the Arab nation and it has a prominent place for the Arab and the whole world. Egypt, for the time being, is in need of work and efforts in order to improve the Egyptian economic future. The Egyptian Government should be keen on improving the Gulf investments which may fill many gaps that represent a lot of problems for the Egyptians.

The most important things that have been directly involved in upgrading the efficiency of the Egyptian economy to some extent and in helping overcome the plight that it faces as a result of wasting the money and destroying the industry by the former regime are the Gulf investments. These Gulf investments help provide many things and solve many issues. The most important one is the problem of unemployment, so these investments help in providing job opportunities for the youth. They also help increase the amount of investment in the Egyptian economy which positively affects the Egyptian market movement. These investments also revive the movement of economy, as well as strengthen relations between Egypt and the Gulf countries that were threatened by the former regime.

The Egyptian economy is currently experiencing a difficult situation and its deterioration has considerable effect on the people who are always suffering and paying the price of what is taking place in the country. In this respect, after the establishment of the new Egyptian Government, the latter must save what can be saved so that Egypt will restore its distinguished strong economy and former important position in the world. In fact, everyone knows very well the importance and the major role of the Egyptian economy and its effect on the Arab world. However, once stability is maintained, security is restored and becomes better than before and daily life continues entirely and normally, the economy will develop once again. In addition, the increase of Gulf investments has a considerable impact on the improvement of the Egyptian economy and on the restoration of its former position. These investments will also consolidate the strong Egyptian-Gulf relationships and the brotherly relationships between Gulf peoples and the Egyptians. Indeed, all this will lead to power and solidarity between the Arab countries. As a matter of fact, Gulf investments play a very effective role in reviving the state of the Egyptian economy. If it improves, it will help the promotion of the Arab economy with it. In addition, this will have a positive impact on the Egyptian people who have recently suffered from total chaos, particularly after the Revolution of the twenty fifth of January. Therefore, the Egyptian Government must approve of these projects, given their benefits for the country and their impact on strengthening the solidarity between Egypt and the Arab Gulf. We would equally like to witness the change which has been brought by the Egyptian Revolution. The latter should not go vainly and we should witness considerable change in Egypt.

There is no doubt that the increase of the Gulf countries' Investment in Egypt will revive the Egyptian economy a lot, leading to reduce the national debt that occurred in the era of corruption. This will positively improve the Egyptian per capita income and the leaving standard of Egyptians. In general, we emphasize the importance of the interdependence between the Gulf countries' economy and the Egyptian one.

No one disagrees that the Arab nation is a League among the countries, be they biased for or against, and no one denies the active role played by Gulf States in the economy of the whole world in the field of oil and oil wealth. No one denies the important role of the Gulf in the renaissance of Egypt in the next stage. It is quite natural that there will be economic exchanges among the countries. It is of paramount importance that all Arabs should stand next to each other in this time of promotion. We actually wish the Gulf States to increase investment in Egypt, knowing that Arabs would be powerful if united and would become better than the European Union. The proof is that the Gulf States have lots and lots of fabulous wealth in the world of finance and economy. If we look at them we find them throwing their money in various investments in various parts of the world. Egypt is also characterized by its strategic global location, where there are lots and lots of different raw materials in addition to the climate and the appropriate topography, and especially if we look into the labor force available in Egypt and the presence of global Egyptian and Arab personnel that can raise the name of the whole Arab world. The formula here includes the Gulf States and Egypt to produce wealth for the whole world, a coherence of thought of investment with each other. This will not be a unique experience because many Gulf investors had set up large projects in Egypt, which paid off and gained profits for all at the time of former regime. The opportunity came to GCC investors to support the Egyptian economy. They will not lose because the trade is guaranteed, if God permits. Let's all dream of thousands of Gulf investors and we'll find we have a thousand Kharafis reconstructing Egypt and others.

The Egyptian government should encourage the Gulf countries to establish different projects which will lead to economic integration in Egypt and cope with the development witnessed by the world around us. In order to achieve this, the government must work to provide all the means to give different companies the opportunities to secure the most important investment opportunities in the country, which are considered as one of the necessities that the citizens need at the present time in addition to the encouragement for companies that are engaged in the agricultural sector; animal, fish and poultry breeding, for the higher interests of these sectors should be included in order to achieve economic growth and social development for the individual and community in addition to the establishment of huge projects which will contribute to the recovery of Egypt at the present time and in the future if this is well prepared according to developed methods and international standards used currently in the world. The most important thing in this process is that the government should overcome all obstacles, which stand against the implementation of investment projects in the country as it is the case in many of the world countries including the neighboring countries as these investments will generally benefit the citizen in addition to the development of the economic situation of the country towards a better condition and these projects will be one of the factors that will provide many job opportunities to the unemployed people and will help them to get rid of the bad and difficult reality that they are suffering from as a result of not getting job opportunities, despite the fact that most of them are graduates from the universities in the different disciplines and that unemployment will increase the decline of the economic situation, and this is what we do not want to happen.

Egypt is one of the first countries that seeks to raise and increase the economy and its development over the centuries. The economic problems which Egypt has experienced have a significant impact not only on the aspects of life and the country's economy, but also on Egyptian national security, the system of Renaissance and development. Looking at the importance of Gulf investments in our beloved country Egypt, we must look at it from different dimensions, including, if not delusional in my view, the cultural and social dimensions in our Arab and Islamic States, which include commercial transactions found linking a large part of the cultural heritage as well as the security dimension of reliance on these nations for development through attracting friendly investments that avoid bowing to the pressures, which may be imposed by any investor at any time.

Welcome to war! We will not sell the Suez Canal to Delaseibes. We don't want money from anyone; our stolen and smuggled money will return home with the determination of Egypt's sons. Egypt is full of wealth and fortunes; we have enough monuments. I would prefer to sell part of our monuments than to be economically and politically occupied.