Dr. Morsi Meets with Union of Investors Association
Dr. Mohamed Morsi, Chairman of the Freedom and Justice Party (FJP) and the presidential candidate of the FJP and the Muslim Brotherhood for the presidency, Saturday, met with the Investors Association.
He explained aspects of Nahda Project in some detail – especially mega-projects and the development of Sinai, the Suez Canal Zone, the New Valley region and the North Coast, as well as the southern part of Upper Egypt and the Red Sea region.
"You did your very best, but the policies of the former regime hindered industrial development. Nevertheless, you achieved some great successes, with more than 63% of these achievements in the private sector.
"There are many sectors of industry that have been expanded in the FJP platform. Those were restricted under the former regime."
Dr. Morsi further pointed that there are many people working on these sectors of industry who do not belong to the Brotherhood.
Moreover, Dr. Morsi revealed that some US$3 trillion were smuggled out of Egypt during the reign of the former regime. Addressing businessmen, he said: "Of course, it was not you who smuggled that money, but the former regime did".
Furthermore, Dr. Morsi said that, last year, businessmen made investments to the tune of US$145 billion out of a total US$218 made by the Egyptian State as a whole.