Morsi euro tour targets more investments

Egyptian President Mohamed Morsi's European tour that will take him to Belgium and Italy largely aims to attract international investments so as to create more job opportunities, revitalize relations between Egypt and the two European Union member states in particular and with the European Union in general, said Egyptian presidential spokesman Yasser Ali said. During next week's visit, Morsi will confirm Egypt's political will to protect and facilitate investment and deliver this message to Europe and the entire world, brief the European officials on Egypt's recent steps in political, economic and administrative reform, and how they help in pumping new blood in the arteries of the administrative and national work, Ali added. The spokesman pointed to Morsi's due keenness on attracting local, Arab and international investments to the Egyptian market so as to increase job opportunities for youth, of which 700,000 enter the job market annually not to mention the unemployed accumulations of previous years, noting that providing job opportunities is an integral part of achieving social justice. He also called for valuing ideas to modernize society and progress, including Morsi's Renaissance project, where it is argued that Egypt can attract future investments of $200 billion thanks to broad and promising investment opportunities, especially as the country needs enormous infrastructure projects and represents a huge market for products.