EGX Chairman Receives The CEO Of One Of The Largest U.S. Companies

Dr. Mohammad Omran, the Egyptian Exchange (EGX)’ chairman welcomed Mr. Dave Cote, CEO of HONEYWELL, a leading company in the field of technology and manufacturing interdisciplinary; one of the listed companies in the 'Fortune 100' list of companies, that offers its customers around the world distinct products and services in aviation and space technology; control technologies for buildings, homes and industrial sectors; turbo-charging devices (turbo); high-performance materials. The size of its global sales is up to $ 38.6 billion annually. The visit to Egypt was set to meet a number of Egyptian officials, where the meetings discussed the ways to attract more investments to the Egyptian economy, with a focus on the most promising sectors and the opportunities available in the Egyptian economy during the coming period
Omran stressed during the meeting on the government's seriousness in the economic reform process despite of the big challenges on the internal and external level, mentioning the governmental significant expansion in infrastructure, energy projects and supporting small and medium enterprises; and the trend towards improving the state-owned assets management and the possibility of relying on the stock market as a main financing tool which will have a positive impact on the growth process during the coming period, pointing out that the international institutions expect the Egyptian economy to be the most growing in the region next year.
The meeting was attended from the side of HONEYWELL company by each of the Chief Operating Officer and the Vice President for HR, procurement and communications; the head of Russia, Middle East and Central Asia’ regions and the company's vice president for communications.  On the sidelines of the meeting, Dr. Mohammad Omran said “ we explained the strong opportunities enjoyed by the Egyptian Exchange, which is one of the largest growing emerging markets during the first quarter of the year.” Adding that they also referred to the liquidity available in the market which appears through the capital’ increases performed during the last two years that exceeded LE 25 Billion, in addition to the strong propositions witnessed by the market during the recent period, where a large value of more than $ 1 Billion pounds was implemented in the recent days. 
Omran said that during the meeting it was stressed that EGX as an institution seeking to expand in the sustainable development for the benefit of the community, it has been also emphasized the development witnessed by the stock market on the levels of corporate governance and shareholders’ equity  protection; EGX was chosen by the World Bank as one of the best 6 markets that have seen an improvement in the field of protecting shareholders' rights.