The American Chamber of Commerce in Egypt’s Business Monthly Magazine quotes Rafik Hariri Center Senior Fellow Mohsin Khan on Egypt’s stock exchange:
Egypt’s new government is appealing to a sense of public ownership and national pride, pitching the concept of investing in government mega-projects and state-owned enterprises via the stock market as a way for average Egyptians to buy a small piece of their country’s future. But economist Mohsin Khan, a senior fellow with the Atlantic Council, views such IPOs as largely an attempt to attract wealthy foreign investors, such as those in the Arab Gulf. The governments of nations like Saudi Arabia and the UAE have provided billions in aid to the Egyptian state over the past year, but as Khan points out, “Gulf countries have private investors with deep pockets, too. This has to be a way to get the private investors in there.”