Egyptian President Abdel-Fattah El-Sisi stressed on the important role of the private sector in the Egyptian economy during a Thursday meeting with a group of Egyptian businessmen at the Presidential Palace in Cairo, the presidency said.

President El-Sisi assured businessmen against worrying about their investments, saying the Egyptian constitution and laws ensure the rights of private property and the private sector.

The president cited during the meeting legislative amendments as well other efforts by the government – including state projects and the provision of energy supplies – to encourage investments in Egypt.

According to the presidency's statement, the El-Sisi asked the businessmen to form a contact group of Egyptian business leaders and investors in order to establish direct contact with the presidency.

The meeting was attended by Prime Minister Sherif Ismail, the governor of Egypt's Central Bank Tarek Amer, the head of the Administrative Control Authority, as well as the ministers of housin , investment, tourism, agriculture, commerce and industry.  

Last week in Port Said, the president reassured investors and businessmen about the soundness of the investment climate in Egypt, saying doubts raised by some over the issue are unjustified. El-Sisi made the comments at the inauguration ceremony of a project aimed at developing an industrial, seaport and logistical complex in the eastern part of the Suez Canal governorate of Port Said.