Governor of the Central Bank of Egypt (CBE) Tarek Amer and a number of banking leaders will take part in the Builders of Egypt Forum, beginning Tuesday, to highlight the role of the banking sector in financing major projects, especially real estate projects.
The forum this year will focus on development of national projects. It is held under the auspices of the cabinet, the ministries of Planning, Housing, Investment, Industry and Trade, Transport, Petroleum, Electricity, Manpower, Education, and Agriculture, as well as the CBE, the Federation of Egyptian Banks, New Urban Communities Authority, Federation of Egyptian Industries , Egyptian Businessmen’s Association , Egyptian Tax Authority, and Egyptian Junior Business Association.
The forum will hold an open meeting with Amer on the first day; he will discuss monetary policy and its role in supporting national projects. The second day will feature a special session on financial instruments available to Egyptian contractors who wish to obtain a decent share of available opportunities.
The session will discuss the means and tools available for contractors in Egypt including bank financing, leasing, and the stock market. The session will review each tool in detail.
Chairman of the Egyptian Stock Exchange (EGX) Mohamed Omran will take part in the session along with Deputy Chairman of NBE Mahmoud Montasser, Deputy Chairman of the Egyptian Arab Land Bank Adnan El-Sharqawi, Secretary General of the Social Fund for Development (SFD) Soha Soliman, CEO Al Ahly Leasing Company Tarek Selim, and Head of Research at EFG-Hermes Wael Ziada.
The Federation of Egyptian Banks is participating in the forum as an official sponsor for the second time. The federation said in a press release that sponsoring the forum comes as recognition for the vital role played by the constructions sector and spinning the wheel of development to create more jobs and stimulate the Egyptian economy.