Nael Al-Kabariti: Innovation-Based Economies are the Main Capital of the Modern Economy

  • Alexandria, Arab Republic of Egypt
  • 17 October 2022
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The President of the Jordan Chamber of Commerce, Nael Al-Kabariti, praised the distinguished economic achievements made by Egypt, which are based on the vision of a conscious and rational leadership of stability, renaissance and giant projects to bring Egypt to the position it deserves as a major magnet for global investment.

This came during the celebration of the international conference and the celebration of the centenary of the Egyptian Chamber of Commerce in Alexandria and forty years since the establishment of the Federation of Mediterranean Chambers.

He stressed that "Egypt is the pillar of stability in the Arab region," pointing out that "Egypt and many other Arab countries stand on the threshold of a new, broad-minded economic phase in light of the new economic reality." Pointing out that "the business community in the Arab world believes that Egypt is the beating heart of the Arab economy and we believe in its future and its pioneering role, and we have great confidence in the capabilities and capabilities of the Egyptian people under their wise leadership," considering that "the development of the business and investment environment and the new laws have achieved positive effects on the economy."

Kabariti stressed that "economies based on science and innovation are the basic capital of the modern economic world, and Egypt will undoubtedly be the source of the real power of the Arab world, and the successes that follow will increase during the coming period, which will represent a significant transformation in Egypt and the entire Arab world, given that Egypt possesses the third largest GDP in the Arab world, and is considered one of the most diversified Arab economies, in terms of industrial, agricultural, and tourism capabilities, and oil resources, it is characterized by its enormous potential for a free market that is unique in its geographical location and its association with many free trade agreements with countries of the world.”

Source (Al-Bawaba News, Edited)

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