Cairo University professor calls for investment in Suez

There is a need to discuss the stalled projects in the Suez industrial zone, said Heba Nassar, vice-president of Cairo University and professor of political economy. New Egyptian Prime Minister Kamal el-Ganzouri recently decided to withdraw 21 million square meters of land from investors and put it up instead for auction. “This decision may be sound in terms of not wasting the land,” Nassar said, but it could have a “negative impact on foreign investment,” since the action illustrates his power to withdraw investments at any time. “We must demand accountability first,” she said.