“Egypt is a point of reference for solutions to regional crises, and has immense potential for foreign investments, on the condition, however, that it consolidates its democratic institutions”, underscored Italian Ambassador to Cairo Maurizio Massari in an interview for Esteri.it.
Egypt is a “diplomatic protagonist”
Egypt is a “diplomatic protagonist” on the Middle Eastern and North African scenario as a result of its capacity for dialogue with its neighbours, “including Iran”, and its role in the process of “intra-Palestinian reconciliation”; and it agrees with Italy on “the need for a political solution in Syria”.
Embassy committed to supporting businessesBilateral relations with Italy are good, but major firms operating in that country are bearing the brunt of other problems, such as “shortages in gas supply, delayed payments, lack of security and the uncertainty of the legal framework”. Nevertheless, the Embassy offers them its “active assistance on a 24-hour basis”.
There is potential but, in order for international investors to be able take the best advantage of it, “institutional consolidation” is needed to accelerate the democratic transition that began two and a half years ago with the start of the Arab spring and is still not complete.