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Egypt’s Sisi in Sharm to reassure investors; rues premature conclusions about Sinai crash

Ahram Online , Wednesday 11 Nov 2015
Abdel-Fattah El-Sisi
Egypt's President Abdel-Fattah El-Sisi (Photo: facebook.com/AlSisiofficial)
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Pressure on Egypt will not defeat Egyptians’ desire to succeed, said President Abdel-Fattah El-Sisi on Wednesday in a press statement after landing in Sharm El-Sheikh Airport.

"I came here to send a message to investors in Sharm El-Sheikh and Hurghada," he said, confirming that the region is still safe for investments.

El-Sisi's visit comes ten days after the crash of Russian airbus A321, which killed all 224 people on board while on route from Sinai to Russia's St. Petersburg.

Al-Ahram reported that El-Sisi is visiting Sharm to discuss the repercussions of the Russian plane crash and visit tourist sites along with tourism minister Hisham Zaazou and South Sinai governor Khaled Fouda.

There are some official speculations that the plane was brought down by a bomb, suggesting lax security in Sharm El-Sheikh Airport.

"For months we have welcomed the presence of foreign experts in all Egyptian airports.” El-Sisi said.

"However, we prefer to not jump to conclusions before the investigation results are announced," he added.

Last week, many international airlines decided to suspend their flights to Sharm El-Sheikh, but UK and Russia showed the most significant response to the crash, with Britain sending planes to retrieve thousands of its citizens from Sinai and other Red Sea sites in Egypt. British officials said it could take 10 days for all British tourists to be returned home.

Russia, which had 80,000 of its citizens in Red Sea resorts, sent 44 planes for Russians in Egypt.

Russian President Vladimir Putin decided on Friday to suspend all flights to Egypt until the cause behind the plane crash is determined.

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elsie maud
12-11-2015 02:25pm
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Great news but why are you throwing foreign investors out?
It was great President Sisi came to Sharm, just what was needed. However can he explain to foreigners who have already invested in Egypt with homes and businesses why he is making it more difficult for us to continue living here and invest more of our income with such hard new visa rules. There are no published rules that we can be guided from and every individual even of the exact same circumstances, are being treated differently. Many are being told to leave, come back and apply again. Some are given only 5 day's to leave and everyone is very confused. We are expected to leave up to 4 times a year and re-apply. The money spent on this would be money spent in Egypt to help keep jobs and businesses going in this difficult time. Why are you throwing loyal foreigners out at a time when you need them? I love President Sisi and think he is doing a good job but we would appreciate some understanding of these new unwritten rules and seek clarification from the Ministry involved in the rules.
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Russell
11-11-2015 10:47pm
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INVESTMENTS!
Safe for investments.That's the message the Egyptian Govt wants to send out? Not for people? But for investments. Bravo!That should reassure the tourists.
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expat
11-11-2015 07:13pm
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right...
hurghada and sharm are safe for investors...but are they safe for tourists???? the 224 dead russians would maybe discuss this,if they could its a show of panic,as sissi knows,that now the second last of his "secure" beach tourism destinations will for sure not bring in $ for the next months and even hurghada will be affected badly,as 40% of the tourists there generate from russia,which abandomned its flights altogether only a show of panic and trail of damage control...too late,as the people on the ground just followed egyptian working SOP...sleeping on the job
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Masry
11-11-2015 06:31pm
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Can anyone say flght TWA flight 800?????
This rush to announce that it was a bomb by the US government is very curious . The plane broke mid air similar to flight 800 leaving New York ...... However despite witnesses saying the say a missioe steak towards flight 800 .... There was no rush to call it a terrorist . No flight cancelled to or from the airport . In fact years later there is no conclusive answer for what brought down flight 800. The double standard and rush to declare it an act of terrorism solely based on chatter between terrorist who constantly try and take credit for any disaster even amongst themselves . The answer will be clear soon Enough . Explosives leave residue if there is no explosive residue then it was an explosion caused by a technical malfunction . Either way it's amazing the rush by the us and Britain to declare it a bomb
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Al, Masri
11-11-2015 05:11pm
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Holistic approach to comfort investors
The visit of the President to Sharm, though welcomed, it is not enough to comfort investors in committing to Egypt. The President for sure watches Egyptian news, hopefully his advisors do, and notices the daily assault on democracy and logic across the country; be it jailing journalists, arresting activist, closing newspapers, firing media hosts, banning books …etc. For many international investors these incidents are as harmful as the plane crash. The president, through savvy advisors, not the armature friends he keeps beside him, need to take holistic approach to reengage investors, not just show up in Sharm supported by a sea of security. International investors are more sophisticated than we give them credit for, and so should we!
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